Page 205 - B2B Connect

BP to invest $200 mn for upgrading PTA plants in US and Belgium

Purified terephthalic acid is the raw material used to make polyester which is found in a wide range of consumer goods ranging from fabrics to food and beverage containers

Toray to supply carbon fibre for Boeing 777X aircraft

Japanese company's carbon fibre Torayca prepreg will be used in the making of main wings of the 777X aircraft, which is currently being developed by Boeing as a successor to the existing 777

Gail seeks technology to convert waste plastics into fuels

The company is seeking proposals from companies, who have proven technology to convert waste plastics obtained from municipal solid waste into valuable fuels

Clear Mipak Packaging to merge with Hitech Plast

Meanwhile, Hitech Plast reported 16.65 percent jump in a consolidated total income from operations to Rs 136.92 crore from last year's Rs 117.38 crore

Finolex Industries' profit down 50% to Rs 13.7 cr

Net down mainly due to reduced sales and increase in raw material costs

Dow to expand polyethylene production in Argentina

Expansion will enable Dow to produce more high performance resins for flexible and rigid packaging applications to meet growing demand in Latin America

Good Luck Steel inaugurates auto tube manufacturing plant in UP

With commissioning of the second plant, built with an investment of around Rs 100 crore, the company has doubled its production capacity from 30,000 metric tonne (MT) to 60,000 MT

BHEL commissions 363 MW power project in Tripura

With this commissioning, BHEL has commissioned nine modules of Frame 9FA gas turbines in the combined cycle mode in the country

Ashok Leyland bags $79 mn orders from Tanzania, Zimbabwe

The company is targeting one third of its revenues from exports in the medium term

India's steel production can touch 300 mn tonnes by 2025

Centre planning to set up a research centre to encourage R&D in the steel industry, according to Narendra Singh Tomar, Minister for Steel and Mines

Reckitt Benckiser demerges pharma biz to form Indivior

While Indivior will be positioned as a specialty pharmaceuticals company, Reckitt Benckiser will continue its focus on consumer health and hygiene products

US FDA successfully inspects Shusun's plant

The audit for Shusun's England plant was held on first week of November 2014

Pochiraju Industries to raise Rs 150 cr for expanding biopharma unit

The phase II expansion of biopharma unit is underway and the company is considering various options to fund this expansion

Bristol-Myers Squibb to set up biologics facility in Ireland

The facility, to be built with an estimated cost of $900 million, is expected to be operational in 2019

Merck forms global alliance with Pfizer for co- developing cancer drug

As per the agreement, Merck will receive an upfront payment of $ 850 million and is eligible to receive regulatory and commercial milestone payments up to $ 2 billion

Ranbaxy files lawsuit against US FDA's Valcyte and Nexium rulings

US FDA had withdrawn tentative approvals for Ranbaxy's ANDAs for generics of Nexium and Valcyte because of the compliance issues with Ranbaxy facilities

LBO France buys construction chemicals maker Chryso for Euro 285 mn

The PE firm has bought Chryso from Materis

Norway and India explore cooperation in hydrocarbon explorations

Norwegian Ambassador along with a business delegation of Norwegian companies met Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas in this regard

Praj Industries bags Rs 235-cr order from Brazil's Petrobras

Praj will provide detailed engineering, procurement, manufacturing of skids for Petrobras

IOC plans to set up Rs 4000-cr ethylene derivative plant in Paradip

The company has begun construction work for its Rs 3150-cr polypropylene plant in Paradip