Page 175 - B2B Connect

Steel ministry & companies to jointly set up research mission

The initial corpus for setting up of SRTMI is to the tune of Rs 200 crore wherein Rs 100 crore will come from the ministry, while the participating companies will contribute the rest

Solenis acquires specialty chemicals maker Connell Bros Company India

The move is expected to consolidate Solenis position in India's pulp & paper industry

"Lifting of sanctions to give boost to Iranian oil exports"

The deal will also potentially help the country to further its science and technological progress, especially in areas like nanotechnology

Emerson Process automates supercritical thermal power unit in AP

Automation will enable the new unit, Sri Damodaram Sanjeevaiah Thermal Power Station, to provide low emission power and support increased energy demand in Andhra Pradesh

Glenmark receives US FDA approval for FemHRT generic

The company has received final ANDA approval for norethindrone acetate and ethinyl estradiol tablets

USFDA grants approval to Aurobindo Pharma's sildenafil injection

Sildenafil injection, which is generic version of Pfizer's Revatio, is indicated for the treatment of adult patients with pulmonary arterial hypertension

Caplin Point inks distribution pact with Fresenius Kabi USA

This is a product specific agreement for USA, with currently two products featuring in the contract

Dutch firm IMCD acquires food ingredient supplier Kushalchand Sons

The acquisition of Mumbai-based distributor is expected to provide IMCD a platform for further expansion in the food market in India

Sika expands Asia Pacific operation

As a part of this move, the company has established a subsidiary company in Myanmar and opened a new production plant in Sri Lanka

Ashland plans $89-mn expansion for specialty chemicals in US

The company will increase production of Natrosol hydroxyethylcellulose and Klucel hydroxypropylcellulose at Hopewell, Virginia

Global oilfield chemicals market to reach $ 33 bn in 2019

While North America will remain by far the largest regional market for oilfield chemicals, the Asia/Pacific region, led by China, will overtake North America as the fastest growing, according to Freed

Merck Serono, Medicines for Malaria Venture to co-develop antimalarial drug

Both sides have signed a worldwide agreement, which grants Merck Serono the rights to the investigational antimalarial drug candidate, DDD107498

Lupin launches hypertension drug in US

The amlodipine and valsartan tablet is the generic version of Novartis' Exforge

Indoco Remedies buys Piramal Enterprises' clinical research division in Hyderabad

The acquisition is expected to help Indoco Remedies to reduce its dependence on outsourcing bio-equivalence studies and expand its R&D capabilities

Dr Reddy's acquires Belgium-based UCB's select portfolio for Rs 800 cr

With this, Dr Reddy's is expected to strengthen its presence in dermatology, respiratory and paediatrics

Cabinet gives nod for revival of Barauni and Gorakhpur fertiliser units

Each unit will be revived through bidding route with an approximate investment of Rs 5000-6000 crore

CCEA approves pooling mechanism of gas for urea makers

The decision is estimated to lead to additional production of around 37.13 lakh MT of urea in existing fertilisers units over the next four years, ie 2015-16 to 2018-19

ICT and ONGC Energy receives patent for process to generate hydrogen from water

The patent, granted by US Patent and Trademark Office, holds the potential to open up new vista for generation of hydrogen from water on commercial scale in a sustainable manner in the coming years

Kanoria Chemicals' Swiss arm acquires Germany's CoSyst Control Systems

CoSyst, which is engaged in development of project and customer specific products primarily for automotive electronics, will help APAG - Kanoria Chem's subsidiary - to expand in Europe

SAIL to hike capacity to 50 MTPA by 2025

The PSU steel maker plans to enhance capacity to 23 MTPA by September 2015, which will be further augmented to 50 MTPA by 2025, according to Narendra Singh Tomar