Page 24 - Plastics & Polymers
DCM Shriram plans Rs 97 cr investment to expand chlor alkali capacity in Rajasthan
The company is planning to increase the capacity at Kota plant from 330 tonnes per day (TPD) to 410 TPD
 "DCM Shriram plans Rs 97 cr investment to expand chlor alkali capacity in Rajasthan")
Vikas Ecotech records 72% jump in sales in Q1 FY17
Operation efficiency and savings in raw material costs helped in margin improvements
 "Vikas Ecotech records 72% jump in sales in Q1 FY17")
Uflex offers anti-counterfeiting solution to Nescafe
The company has engineered custom-made Seal of Authenticity for Nescafe Classic offering it tamper-proof brand protection
 "Uflex offers anti-counterfeiting solution to Nescafe")
Indorama inks metaxylene supply agreement with Spain's Cepsa
Metaxylene is a key feedstock for the production of isopthalic acid, a high value-added chemical additive used in the manufacture of PET, coatings and other resins
 "Indorama inks metaxylene supply agreement with Spain's Cepsa")
SRF to invest Rs 345 crore in two chemical plants
It will spend Rs 165 crore and Rs 180 crore at its Dahej manufacturing site for setting up chloromethane and specialty chemicals plants, respectively
 "SRF to invest Rs 345 crore in two chemical plants")
Zeon and Sumitomo Chemical plan consolidation of S-SBR businesses
Two companies will look into forming a new JV and will transfer their current S-SBR operations, including those of their respective subsidiaries, to the new company
Passing of the GST Bill is good news for Indian businesses: R Narayan
The GST will ensure that there is reduction in logistics costs bringing great relief to manufacturing SME sector
 "Passing of the GST Bill is good news for Indian businesses: R Narayan")
Astral ties up with Japan's Sekisui Chemical for CPVC resin
Indian firm will source chlorinated polyvinyl chloride (CPVC) resin from Sekisui Chemical for hot and cold water plumbing system
 "Astral ties up with Japan's Sekisui Chemical for CPVC resin")
Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-cr investment
This marks DFPCL's maiden investment in manufacturing facility outside Maharashtra. The new project is scheduled to be completed by H2 of 2018
 "Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-cr investment")
If GST tax is capped at 18-20%, it will benefit chemicals industry: Ajay Durrani
The trickle-down and cascading effects of the GST in other sectors such as logistics, manufacturing, auto and consumer products too will impact the chemicals and polymers industry
 "If GST tax is capped at 18-20%, it will benefit chemicals industry: Ajay Durrani")
HR has to be a change champion in evolving organisations: Cyrus Jalnawala
According to Cyrus Jalnawala, director - human resources (HR), Dow India, HR has to take the lead in equipping organisations facing challenges due to changing business climate
 "HR has to be a change champion in evolving organisations: Cyrus Jalnawala")
Century Ultrapack forms JV with Austria's Greiner Packaging
The JV is expected to help Greiner Packaging, who will have majority ownership in the venture, to broaden its market position in Indian food packaging industry
 "Century Ultrapack forms JV with Austria's Greiner Packaging")
UK firm Alphasonics partners with Weldon Celloplast in India
Both companies will tap the Indian narrow web flexographic market
Huhtamaki buys 51% stake in Val Pack to enter foodservice packaging market in India
The Mumbai-based Val Pack Solutions supplies a comprehensive range of paper cups to food services industry in the country
 "Huhtamaki buys 51% stake in Val Pack to enter foodservice packaging market in India")
Ganesha Ecosphere to increase recycled polyester fibre capacity by 21,000 TPA
With this expansion, the consolidated recycled polyester staple fibre (RPSF) capacity at the Bilaspur (Rampur, Uttar Pradesh) site will become 108,600 TPA
 "Ganesha Ecosphere to increase recycled polyester fibre capacity by 21,000 TPA")
US electrical product maker Intermatic ties up with AMTL to enter into India
Through this tie-up, Grasslin Gmbh, Intermatic's German subsidiary, will introduce time switches, light and temperature control solutions in the country
 "US electrical product maker Intermatic ties up with AMTL to enter into India")
Government revises cost estimate for NATRIP project
NATRIP is an important initiative by the government for the establishment of the global test centres in India and address the R&D requirements of the automotive industry
 "Government revises cost estimate for NATRIP project")
The Chatterjee Group buys Mitsubishi Chemical's PTA business in India
Acquisition of MCC PTA India will help TCG, which owns majority stake in Haldia Petrochemicals, to consolidate its petrochemicals business in India
 "The Chatterjee Group buys Mitsubishi Chemical's PTA business in India")
V-Guard Industries to start PVC compounding unit at Coimbatore
The unit, which will commence commercial production by end of August 2016, will serve the company's business of house wiring cable
 "V-Guard Industries to start PVC compounding unit at Coimbatore")
Gamesa bags 100 MW wind energy projects from Orange Renewable
The order entails delivering 40 MW wind power project in Maliya, Gujarat and 60 MW in Gurmitkal, Karnataka
 "Gamesa bags 100 MW wind energy projects from Orange Renewable")
