Plastic products maker Supreme Industries will invest Rs 58 crore to set up LPG composite gas cylinder plant at central Gujarat’s Halol and also invest Rs 56 crore to start a new manufacturing unit of cross laminated plastic products in Vadodara. This was announced by Shri M.P.Taparia, Managing Director of Supreme Industries. Taparia said...
The city of Ahmedabad will host one of the largest dye-chemical industry exhibition “InterDye” between 8-10 December 2011 over 5,000 square meter area. A seminar on Asian dyestuff industry development will be held along with the exhibition. More than 100 worldwide famous companies are going to participate in this three-day long event. InterDye English...
In a statement issued to the Bombay Stock Exchange (BSE), Chemicals and fertilisers maker Chambal Fertilisers & Chemicals Ltd (CFCL) informed that the board of directors of the company has granted approval to wset up a single super phosphate (SSP) plant at Dahej in Bharuch district of Gujarat at an approximate investment of Rs...
Reliance Industries Ltd (RIL) today reported nearly 15.8% rise in net profit at Rs 5,703 crore during July-September. This is RIL’s highest quarterly profit since 2007 and it is attributed to higher earnings from oil refining and petrochemicals business. RIL said its showpiece Krishna Godavari basin D6 gas fields output dropped 20% to 147.2...
Indian Farmers Fertilisers Cooperative Limited (IFFCO) today said it will soon begin manufacturing a new fertiliser at its Kandla unit in Gujarat, which will have lower content of potash. “Keeping in view the highly unstable international potash prices, we have decided to manufacture a new-grade fertiliser at our Kandla Unit,” IFFCO Kandla’s Senior Executive...
New reports suggest that Pune-based Plyvinyl Chloride(PVC) pipe maker Finolex will start production at its new Rs 100 crore facility near Vadodara in Gujarat within this fiscal. New 31-acre facility will enjoy capacity to produce 50,000 tonne per annum(tpa) of PVC pipes. This would be company’s third PVC pipe making unit after Ratnagiri and...
American chemicals major Huntsman Corporation today said it had taken over Gujarat-based chemicals producer Laffans Petrochemicals, and had also taken the ownership of the company’s 60-kilo tonne ethylene oxide derivatives facility at Ankleshwar. The $9-billion Woodlands, Texas-based Huntsman is a global manufacturer and marketer of differentiated chemicals to industries such as chemicals, plastics, automotive,...
Aiming at providing human resource in the area of Petro chemicals and power, Gandhinagar based Pandit Deendayal Petrolium University will establish India’s first Education research center in Dahej SEZ. This center will provide practical experience to the students along with their regular study. Dahej SEZ has chemicals and peto chemicals unit including a unit...
Bayer MaterialScience has inaugurated a $27.6 million plant for polyisocyanates at Ankleshwar, in the state of Gujarat, India. Polyisocyanates are used as raw materials for the production of polyurethane coatings and adhesives, and with its investment in a 15 kilotonnes-per-annum plant, Bayer aims to expand its business in India and, “participate in the strong...
Piramal Glass, a leading glass container manufacturer, on Wednesday said it would invest Rs.100 crore on capacity expansion at its Jambusar unit in Gujarat through a greenfield project, which is likely to be completed by 2011-12, the Piramal Group firm said. “We will focus on high margin cosmetic and perfumery segment (C&P). We have...
Gujarat’s Ankleshwar based chemical firm Jay Processors had ordered Calcium Nitrate from China, with advance payment of Rs. 43.50 lakh. However the company was supplied mineral powder(pure white dust that has no value) instead of Calcium Nitrate. This incident of cheating has created doubts among Gujarat based industrialists over trade with China. Ankleshwar based...
Karsanbhai Patel’s FMCG firm Nirma Ltd has fixed the offer price for acquisition of shares held by the public at Rs 260 apiece, following which the company will delist from the bourses. The discovered price — the price at which the maximum number of equity shares were tendered by public shareholders in accordance with...