Industry News

Sales of AC’s are expected to rise high with the change in temperature

Air conditioners sales are expected to increase more due to early summers arrival this year.

Apollo plans expansion by entering in Two Wheeler Tire Segment.

The leading Indian tire maker finally enters into Two Wheeler Tire segment with the launch of Apollo Acti series tires for motorcycles and scooters.

PepsiCo adds new brand in beverage Segment

PepsiCo to expand portfolio of its beverage segment to increase its sales.

Indonesia’s petrochemical industry to seek investment in Taiwan

Taiwan to invest USD2.5 billion in the petrochemicals industry of Indonesia for the production of mega methanol and ammonia

Pirelli expands its Russian plant

The Italian tire maker upgraded its two plant facilities located in Kirov, Russia and other in Voronezh, Russia

Delhi to have app based bus service soon

Delhi Government of India is planning to launch an app based bus service to strengthen the public transportation system in the city

With the government’s initiative in simplifying the licensing rules and offering price incentives to recover gas from difficult offshore fields, the oil and gas sector is expected receive a big thrust

Indian government have taken the initiative to increase the domestic production by setting new gas pricing reforms

Commencement of Air Separation units favors India industrial gases market

Linde has signed a long term agreement with Tata Steel to meet their ever increasing demand

Godrej Consumer Products raises stake in Kenyan firm

Godrej Consumer Products Ltd increases its stake from 51% to 90% in DGH Phase Two Mauritius

Accella Performance Materials Completes the Acquisition of Quadrant Spray Foam

Accella buys the spray foam division of Quadrant Urethane Technologies in order to strenghten its polyurethane systems division

Continental and Yokohama to end their 14 year old Joint Venture.

The Japanese tire maker is about to terminate its joint venture with Continental Tires w.e.f 1st April 2016.

Iba Halal Care targets a turnover of INR1000 crore by 2019

The country’s first halal cosmetic brand which was launched in September 2014 has targeted a turnover of INR 1000 Crore by 2019.

DOW Corning and ChemPoint Entered into Distribution Agreement for Specialty Products

Dow Corning and ChemPoint entered into a contract for distribution of specialty products in the Canada and United States

Bridgestone announces Expansion of its North Carolina Plant.

The Japanese tire maker plans to expand its passenger tire manufacturing plant located in Wilson, North Carolina.

Apple may deploy OLED displays in its upcoming phones

iPhone 8 and iPhone 7S, the upcoming smartphone of Apple to have AMOLED displays

Increase in the clean energy cess makes solar power more competitive

Cess on coal, lignite and peat to be increased from INR200 per tonne to INR400 per tonne

Crompton Greaves Ltd is selling its power transmission & distribution business outside India to First Reserve International Ltd, USA

Crompton Greaves Ltd is focusing on reducing debt and core Indian businesses by selling global power T&D business

Zoetis and Merial together to market dairy products in India

Zoetis and Merial join hands to sell medicines for dairy cattle in India

Covestro and Nanodax Comes Together to Develop Polycarbonate Composites

Covestro, a Global polymer company, has entered into an agreement with Japan-based Nanodax to develop new polycarbonate composites reinforced with glass wool.

Camso expands manufacturing in Vietnam

The Industrial Tire specialist took a strategic decision to gain leadership position in target market