Page 238 - B2B Connect

Transformers and Rectifiers India receives Rs 161-cr contract from GETCO

With this order, the company's order book as on date stands around Rs 550 crores

Solvay and Ineos to name chlorovinyls JV as Inovyn

Inovyn will have proforma 2013 sales of more than Euro 3 billion, with 14 sites in eight European countries

Evonik Industries plans to reorganise the group structure

Three operating segments - Consumer, Health & Nutrition, Resource Efficiency, and Specialty Materials - to be given greater entrepreneurial independence as separate legal entities

Clariant increases Licocene polymers capacity by 50%

Debottlenecking of production line in Frankfurt-Hochst, Germany, by Q1 2016 to meet increasing demand, particularly from Turkey, India, China and Indonesia

Antidumping duty on PTA to hurt polyester industry: Indo Rama Synthetics

The company says the move will adversely affect the performance of textile industry, while benefit only the integrated polyester player (ie Reliance Industries)

Ranbaxy receives first-to-file USFDA approval for valsartan

The company will launch valsartan tablets, which is the first generic version of Swiss drugmaker Novartis' Diovan, with 180-days marketing exclusivity

Dr Reddy's Labs launches duloxetine capsules

Branded and generic version of duloxetine had US sales of approximately $ 5.04 billion MAT for the most recent twelve months ending in April 2014

L&T Technology forms JV with Thales to strengthen avionics business

The deal will enable Thales to select this new group as its Indian Offset Partner, resulting in inflow of offset related revenues in the JV

Aditya Birla Nuvo appoints Lalit Naik as MD

He replace Dr Rakesh Jain, whose term as the MD of the company expires on June 30, 2014

Chemical industry second largest recipient of investments in manufacturing sector: Assocham

However, share of chemicals in total outstanding investments in manufacturing sector dipped from over 35% to about 26% between March 2005 and March 2012

Gujarat leads the investment race in manufacturing: Assocham

Need to revive investments in food and beverage, textile sectors as they are highly labour-intensive areas which is the key to realise employment objectives of National Manufacturing Policy

Aker Solutions India inaugurates upgraded Pune facility

The new facility will help the company to streamline processes, reduce complexities, realise synergies and improve competitiveness

Altana to invest Euro 100 mn in Landa Digital Printing

The Germany-based specialty chemicals company sees Landa Nanography as game changer for the print industry

Bernard Rzepka appointed CEO of A. Schulman

He will replace Joseph Gingo, who will continue as the Chairman of the Board

SNC-Lavalin to acquire Kentz Corporation for $ 1.95 bn

The proposed acquisition of Kentz is fully aligned with SNC-Lavalin's strategy of becoming a global tier-1 engineering and construction (E&C) services firm

European chemical industry to grow by 2% in 2014: Cefic

The output of European chemical industry, which had contracted by 0.2% in 2013, is likely to benefit from general economic recovery in 2014

Strides Arcolab receives USFDA approval for imiquimod

This is the first product approval from its Italian semi-solids facility

CG and consortium receives Euro 150 million order in the Netherlands

As per the order, Avantha Group company will design, deliver and install 2 high voltage offshore substations and 1 HV onshore substation

Infrastructure spending revival to drive centrifugal pumps demand

According to Frost & Sullivan, the centrifugal pumps market in India is expected to earn revenues of Rs 11,250.44 crore in 2018 compared to Rs 7,464.3 crore during 2013

Dr Reddy's launches paricalcitol capsules

Paricalcitol (branded and generic) had US sales of approximately $ 109.6 million during April 2013-March 2014