Page 174 - B2B Connect

Merck & Pfizer tie up for co-promoting cancer drug Xalkori

In the second and third quarters of 2015, Merck and Pfizer will begin co-promoting Xalkori in the US, Canada, Japan and five European Union countries

CCEA approves FII investments in Aurobindo Pharma & Glenmark

QIBs to infuse fresh equity of upto 7% amounting to about Rs 2165 cr in Aurobindo, while Glenmark has increased the foreign investment limit by FIIs from 35.07% to 49%

Dr Reddy's approaches US FDA for three new drugs

The three new drug applications are in support of Dr Reddy's proprietary products group, focused on developing and commercialising therapies in dermatology and neurology

Clean Energy Access Network aims to provide energy access to 300 mn people

CLEAN has been formed with an aim to expand access to clean, safe, reliable and affordable energy services and catalyse the decentralised clean energy sector in India

Kuraray acquires Australia's Plantic Technologies

With this, Kuraray expands into bio-based barrier materials, which meet the increasing global demand of bio-based food packaging materials

Celanese converts coal-based boiler plant to gas-fired

The company invested $150 million in the clean energy conversion project at Virginia facility

BioAmber licenses Johnson Matthey technology to produce BDO & THF

The licensing package will enable BioAmber to construct plant that uses bio-succinic acid as the feedstock to produce 1,4-butanediol (BDO) and tetrahydrofuran (THF)

Ashland to sell Valvoline's car-care products assets to Highlander Partners

Car-care products represented less than four percent of Valvoline's $2 billion in sales for the 12 months ended December 31, 2014

Asahi Glass to invest $400 mn in Indonesia

The company will construct power plant to enhance the competitiveness of its chlor-alkali business in Southeast Asia

Mylan proposes to buy Perrigo in a $29 bn cash & stock deal

The deal, if materialises, would led to creation of a pharma company having interest in specialty brands, generics, over-the-counter (OTC) and nutritional products

A Schulman to set up masterbatch plant in Turkey

The new facility will produce the company's premium additive, white, and breathable masterbatches for food and industrial packaging customers in Turkey

Italy's Maire Tecnimont bags Euro 350 mn contract for PP plant in Azerbaijan

The company has reached agreement with Socar Polymer for an EPC lump sum contract for the implementation of a polypropylene plant at the industrial site of Sumgayit, Azerbaijan

Tetra Pak's sales in India up 19%

Globally, Tetra Pak achieved net sales of Euro 10.9 billion in 2014, up 1.7 per cent from 2013, with strong growth in capital equipment and technical sales

Consultative Committee meets to discuss PCPIRs, plastic parks

The Government aims to achieve an investment of Rs 7,62,000 crores and generate employment for 34 lakh people in PCPIRs in time bound manner

Siluria opens demo plant to directly convert natural gas to ethylene

Innovation will enable natural gas to supplement crude oil world-wide for transportation fuels and commodity chemicals

PET and PBT resins market to reach $1.9 bn in India

Demand for these resins has been on the rise due to increasing usage in industries such as packaging, automobile, electrical & electronics, etc, according to Research and Markets

Bio-on and Pizzoli join hands to make bioplastics from potato waste

The two companies aims to build a plant producing 2,000 tonne per annum (tpa) of PHAs (or bioplastics), expanding to 4,000 tpa in the future

Phase change material: Can it led a revolution in refrigeration tech?

If introduced, PCM, which has the ability to store and release large amounts of heat/energy while maintaining a constant temperature, can prove to be a boon to the refrigeration industry

Glenmark Generics settles pricing investigation in Texas; Agrees to pay $25 mn

As a part of the agreement with Texas Attorney General, Glenmark's arm will make a payment in 16 equal instalments of $1.56 mn each quarter over next four years to the state of Texas

Fire at Dragon Aromatics plant in China raises paraxylene, benzene prices: Platts

Dragon Aromatics, owned by the Taiwanese petrochemical group Xianglu Group, is one of the largest independently-run paraxylene (PX) producers in China