Page 228 - B2B Connect
ONGC Videsh signs product sharing contracts for two Myanmar blocks
Indian company had participated in the Myanmar Onland Bidding Round last year, and was awarded two onshore blocks, B2 and EP-3, in October
AkzoNobel India plans toll manufacturing unit in Bangladesh
Depending on the success, the company may set up its own in the neighbouring country
 "AkzoNobel India plans toll manufacturing unit in Bangladesh")
HPL's plant shutdown hurts plastic units in West Bengal
The month-long closure of Haldia Petrochemicals has disrupted the supply of polymers to plastics processors, especially the makers of injection moulded products
 "HPL's plant shutdown hurts plastic units in West Bengal")
Manushree Technopack net up by 73% in Q1
Surge in demand from the beverage and packaged drinking water segment helps the company to register robust growth
 "Manushree Technopack net up by 73% in Q1")
MRPL to complete work on PP unit in October
The company also plans to expand crude processing capacity by 40% by end-March 2018
HPCL revives plan to set up refinery in AP PCPIR zone
Another state-run company IOCL delays commissioning of refinery at Paradip PCPIR due to logistics problem
 "HPCL revives plan to set up refinery in AP PCPIR zone")
Clariant to set up masterbatches plant in Australia
The new plant will bring fully customisable and technically advanced colour and additive masterbatches tailored to Australian customers
 "Clariant to set up masterbatches plant in Australia")
Oman's ORPIC selects LyondellBasell for 300 KTA PP project
The company to use LyondellBasell Spheripol polypropylene process technology for the project
 "Oman's ORPIC selects LyondellBasell for 300 KTA PP project")
Mexichem buys German PVC maker Vestolit
The move will help Mexichem to become a global, vertically-integrated chemical company with a focus on high-end, specialised PVC products over the whole value chain
 "Mexichem buys German PVC maker Vestolit")
Essel Propack plans expansion with Rs 145-cr investment
The company to spend Rs 70 crore and Rs 75 crore for domestic and overseas operations respectively
Govt plans to set up plastics park in Telangana
New CIPET campus will also come up in Medak district with an investment of Rs 50 crore
 "Govt plans to set up plastics park in Telangana")
Wockhardt's net profit witnesses steep fall in Q1
Sales also down by 27% to Rs 991 crore
 "Wockhardt's net profit witnesses steep fall in Q1")
Upward revision of drug prices help MNC pharma brands to grow
Centrum Broking report says that MNCs share in the domestic pharma market is expected to go up to 20% in the current fiscal, and further up to 21 per cent in FY16
 "Upward revision of drug prices help MNC pharma brands to grow")
Fire at Nutraplus' Tarapur factory to affect production
Restoration work of production facilities is expected to take at least three to six months
 "Fire at Nutraplus' Tarapur factory to affect production")
USFDA reports serious violations at IPCA's Ratlam facility
As of FY2014, the US market has contributed sales of Rs 420 crore (12% of total sales) for IPCA Labs
 "USFDA reports serious violations at IPCA's Ratlam facility")
Emami to bank on emerging markets to push growth
The company plans to liquidate its UK subsidiary
 "Emami to bank on emerging markets to push growth")
Government working on policy to promote APIs production
A committee has been formed to look into concessions required to build domestic production capabilities
 "Government working on policy to promote APIs production")
Zuari Agro Chemicals shuts down ammonia and urea plants
The company says the temporary stoppage is due to mechanical breakdown
 "Zuari Agro Chemicals shuts down ammonia and urea plants")
Deepak Nitrite to set up phenol and acetone plant at Dahej
The company will invest Rs 1200 crore for this
 "Deepak Nitrite to set up phenol and acetone plant at Dahej")
AkzoNobel's reports 59% rise in net for Q1
The company's net sales for the quarter under review increased by 11.82% to Rs 627.93 crore
