Poland-based chemical company Grupa Azoty S.A. has reportedly completed the acquisition of Compo Expert Group, a German specialty fertilizers producer, for €9 million lower than the maximum possible price. However, Raiffeisen Centrobank (RCB) allegdly stated that the non-transparency regarding the acquired debt in the agreement …
Rio Tinto, a mining giant based in Australia, has reportedly entered into an agreement with a state-owned Chinese company, China National Uranium Corporation (CNUC) to sell off its controlling stake in the mining company Rossing Uranium Ltd., based in Namibia, South Africa. According to credible …
German chemicals company BASF SE has reportedly halted toluene di-isocyanate (TDI) production at its headquarters in Ludwigshafen, Germany as the depleting water levels of the river Rhine have made it difficult for the company to get raw materials delivered to the facility. Reports cite, the …
India Resurgence Fund (IndiaRF), a joint venture between Piramal Enterprises Ltd. and Bain Capital Credit., have recently invested around $156 million in business conglomerate Archean Group’s marine chemicals business. As per sources, the investment proceeds will be used to repay Archean Chemical’s existing debt, for …
Shalimar Paints, India’s renowned paints & coatings manufacturing company, has reportedly announced that it intends to increase its manufacturing capacity by 50% by next year. Reports cite, the expansion plan is part of an overall effort undertaken by the Mumbai-based firm to meet the rising …
Saudi Arabia’s national petroleum and natural gas company, Saudi Aramco has recently announced plans to ink five crude oil supply agreements (COSAs) with Chinese companies, taking the size of its prior established 2019 supply agreement to 1.67 million bpd (barrels per day). Reports from Gulf News suggest …
Crystal Crop Protection, an R&D-based specialty chemicals company headquartered in Delhi, is reportedly purchasing major fungicide and insecticide brands from the Swiss giant Syngenta AG. The portfolio of Syngenta’s brands that are to be acquired by Crystal Crop comprises Blue Copper, Tilt, and Proclaim. Apparently, …
Oil major Chevron Corp has reportedly been granted a 2017 hardship waiver from the U.S Environmental Protection Agency for its refinery in Utah. As per credible sources, in 2017, Chevron had reported a net worth of $9.2 billion and after this grant, it has become …