Contribution By Akshay Kedari
December 31, 2018
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 …
Chinese researchers find way to turn copper into a gold-like material
December 29, 2018
A Chinese research team has reportedly turned cheap copper into a new material that is nearly identical to gold, according to a study recently published in Science Advances, a peer-reviewed journal. The authors of the study said that this discovery could substantially reduce the utilization …
Maersk to build India’s first green warehouse to store chemicals
December 28, 2018
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 …
Chemfab Alkalis’ PVC-O project commences at its AP manufacturing plant
December 27, 2018
Chemfab Alkalis Limited has reportedly commenced the PVC-0 project at the company’s manufacturing facility in Sri city, Tada, Andhra Pradesh. The project was successfully commissioned on Saturday, 22 December 2018 and is aimed at manufacturing and selling PVC-O pipes & fittings, sources familiar with the …
Rio Tinto intends to launch IPO for Canadian iron ore business in 2019
December 26, 2018
Rio Tinto, the Anglo-Australian mining company headquartered in London, is reportedly preparing for the public listing of its Iron Ore Company of Canada unit, planned for the first half of 2019. Apparently, the company would be dual-listing the business in Toronto and New York. Sources …
Saudi Aramco’s Motiva to invest $6.6 billion in Port Arthur expansion
December 22, 2018
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
December 21, 2018
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
December 19, 2018
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, …