Page 98 - B2B Connect
US FDA grants approval to Sun Pharma's ophthalmic drug bromfenac
Developed by InSite Vision, which was acquired by Sun Pharma in November 2015, BromSite is likely to be commercialised in the second half of 2016
 "US FDA grants approval to Sun Pharma's ophthalmic drug bromfenac")
Biosimilars to help health systems in US and Europe save $ 110 bn by 2020
Surge in biosimilars to drive significant change in health system costs, patient access and competition by 2020, says an IMS Health study
 "Biosimilars to help health systems in US and Europe save $ 110 bn by 2020")
CMI begins commercial production at cables plant in Baddi
This facility, built with a total capex of Rs 150 crore, is a part of the recently acquired General Cable Energy Private Limited, which is in the process of being merged with CMI Ltd
 "CMI begins commercial production at cables plant in Baddi")
Global demand for flavours & fragrances to reach $ 26 bn in 2020
Increasing consumer demand for natural products and transparency in labelling, driven in part by health concerns regarding artificial ingredients, will impact demand, says a Freedonia report
 "Global demand for flavours & fragrances to reach $ 26 bn in 2020")
Lanxess and Saudi Aramco completes synthetic rubber JV deal
As a result of this deal, Lanxess received cash proceeds of around Euro 1.2 billion
Air Products to build nitrogen plant for South Korea's JSCK
JCET Stats ChipPAC Korea Ltd (JSCK) is one of the leading semiconductor packaging and test services providers
L&T Hydrocarbon bags two orders worth $ 370 mn from Oman's PDO
As per the new orders, LTHE will be responsible for EPC of Saih Nihaydah Depletion Compression Phase 2 (SNDC2) and Kauther Depletion Compression Phase 2 (KDC2) projects
 "L&T Hydrocarbon bags two orders worth $ 370 mn from Oman's PDO")
Canada's Fairfax to invest $300 mn in PVC maker Sanmar Chemicals
Investment will be used by Sanmar in the project for expanding PVC capacity at its Egyptian manufacturing facility to 400,000 TPA
 "Canada's Fairfax to invest $300 mn in PVC maker Sanmar Chemicals")
Toshiba to set up plant for railway systems equipment in Hyderabad
The plant, which is expected to start production in April 2017, will serve the growing markets in India, Middle East and Africa
 "Toshiba to set up plant for railway systems equipment in Hyderabad")
Electronics companies aim to use Indian base to tap local & overseas customers
The Indian electronics and hardware industry is expected to grow to reach $ 112-130 billion by 2018 from current level of $ 75 billion, says an Assocham-EY study
 "Electronics companies aim to use Indian base to tap local & overseas customers")
Pfizer and Allergan calls of their $160 bn merger deal
In connection with the termination of the merger agreement, Pfizer has agreed to pay Allergan $150 million for reimbursement of expenses associated with the transaction
 "Pfizer and Allergan calls of their $160 bn merger deal")
Bodal Chemicals receives environmental clearance for expansion of dyes facility
The company is expanding its dyes & intermediates manufacturing capacity from 2,200 metric tonne per month (MTPM) to 6,000 (MTPM) in Vadodara
 "Bodal Chemicals receives environmental clearance for expansion of dyes facility")
Axiall rejects $ 3.1 bn revised takeover proposal from Westlake Chemical
Westlake's revised proposal represented an increase of approximately 17 percent to its initial proposal of $20 per share
 "Axiall rejects $ 3.1 bn revised takeover proposal from Westlake Chemical")
Escorts appoints Ravi Menon as CEO of agri machinery business
Menon takes over from S Sridhar who would now head its construction equipment business
 "Escorts appoints Ravi Menon as CEO of agri machinery business")
Sundram Fasteners divests German subsidiary
Divesture of German subsidiary is a part of the company's plan to restructure its international businesses under a new subsidiary called Sundram International Ltd
Dorf Ketal to target global fuels additives market for growth
Dr Miltos Papachristos, CEO and president of global fuels additives business, is reshaping and executing Dorf Ketal's strategy for this sector
 "Dorf Ketal to target global fuels additives market for growth")
GP Petroleums launches Spanish energy major Repsol's lubricants in India
With this move, which marks the entry of Repsol into the Indian energy sector, two companies aim to target the world's largest two wheeler automotive market
 "GP Petroleums launches Spanish energy major Repsol's lubricants in India")
Fiem Industries forms JV with Japanese firm Kyowa for mould making
JV will help Fiem to drastically reduce the dependability on foreign mould manufacturer and shorten the development time for tooling
 "Fiem Industries forms JV with Japanese firm Kyowa for mould making")
Steel Strips Wheels opens steel processing unit
Apart from captive consumption, the unit, with a monthly processing capacity of 20,000 tonne steel, will undertake steel processing work for other steel manufacturers
 "Steel Strips Wheels opens steel processing unit")
H B Fuller buys Australia's Advanced Adhesives
The addition of this business will enable H B Fuller to strengthen its industrial adhesives market position and leverage a broader technology portfolio in both Australia and New Zealand