Sunday, January, 20, 2019 10:14:50

Contribution By Akshay Kedari


Kansai Nerolac Paints acquires Perma Construction Aids for INR 29.10Cr

 Shares of Kansai Nerolac Paints were up 1% intraday following the acquisition of the company.  The move comes under Nerolac’s ongoing efforts to grow the company’s portfolio to better serve its customers. Kansai Nerolac Paints Limited (Nerolac), India’s largest industrial paint & third-largest decorative paint …

Maersk to build India’s first green warehouse to store chemicals

APM Terminals Inland Services, a unit of Maersk Group, has reportedly made plans to build India’s first eco-friendly ICD or inland container depot for managing chemicals in Pune. The Ministry of Environment, Forest, and Climate Change has provided the Maersk Group company a comprehensive sanction …

Saudi Aramco’s Motiva to invest $6.6 billion in Port Arthur expansion

The investment will increase the refinery’s output yield and generate around 4,300 construction jobs Motiva Enterprises LLC, a subsidiary of Saudi Arabia’s state-owned oil company Saudi Aramco, has recently announced plans to invest around $6.6 billion in its Port Arthur refinery, to enhance its petrochemical …

Clariant forms joint venture with Saudi Kayan to evaluate alkoxylates

Clariant and Saudi Kayan have agreed to consider the prospect of forming a joint venture with an objective to establish a manufacturing facility for alkoxylates. The new facility will combine Clariant’s alkoxylates production technology with raw materials of Saudi Kayan. The Swiss specialty chemicals company …

RPM buys Siamons International, expands specialty cleaners portfolio

RPM International Inc. has recently announced that the company’s Rust-Oleum group has acquired the provider of Concrobium mold and mildew control products, Siamons International Inc., reports have confirmed. Apparently, financial terms regarding this transaction, which is anticipated to be accretive to earnings within one year, …