Industry News

Rentech Nitrogen Divested Pasadena Fertilizer Facility

Rentech Nitrogen Partners, L.P completed the sale of its manufacturing facility at Texas for a cash payment of about USD5 million and a cash working capital adjustment of about USD6 million.

Industrial Development and Renovation Organisation along with Iranian government broke ground for its 3rd greenfield tire plant in the country

The Iranian Government and IDRO have decided to launch their third tire plant, called the Arya Hamoon Tire project.

Emailage raised funding from Wipro Ventures

Emailage a U.S. based fraud prevention solution is funded by Wipro Ventures

With fast growing economy and increasing oil demand, the oil field services market in India is anticipated to witness a potential growth in the future

As the average oil demand have doubled in India from the previous decade, foreign investments are likely to increase as well

Future Group to sell Ravi Shankar’s Ayurveda products

Sri Sri Ayurveda gets new sales platform as Future Group agrees to sell its products

Safco Planning to Acquire Sabic Shares in Saudi Fertilizer Firm

Saudi Arabia Fertilizers Company, also known as Safco, is seeing to acquire Sabic's shares of Jubail-based fertilizer, Ibn Al-Bayttar.

Bridgestone to expand Canadian Tire Plant

The Japanese tire maker to expand its Canadian Passenger car and Truck facility in Joliette

Wanhua Chemical Group isophorone established a new di-isocyanate (IPDI) plant

Wanhua Chemical Group commissioned an isophorone di-isocyanate (IPDI) plant that utilizes phosgene technology

Under the Aadhar Scheme, Indian Government collected Biometric Data of 99 Crore Indians

Indian Government ensured the secrecy and security of biometric data of the citizens

General Electric Corporation (GE) inks a deal for the supply of gas turbines to 1,600MW power plant project in Indonesia

Indonesia is targeting to build 35 Gigawatt of coal and natural gas based power output by 2019

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