Industry News

Expansion in the Chinese Ethylene Production

Shell Nanhai (Shell) along with China National Offshore Oil Corporation announced plans to expand the production capacity of its ethylene plant

3M forecasted slow-paced Consumer-Electronics Demand

The company had announced, a couple of months ago, to cut almost 1,500 jobs.

Increased Dumping from China-Impacting Gujarat’s Chemical Industry

Gujarat has a strong industrial base in chemicals and petrochemicals industries. During 2014-15, state accounted for about 36% share in country’s chemical production and 18% share in the exports of chemicals from India.

Google’s Android Pay to venture in Australia Market

Australian android users will soon Tap, Pay & Go through Google’s digital wallet –Android Pay. Google is rolling out these services to Aussies in 2016 and strategize to offer Android Pay in other countries next year.

Salesforce acquires MinHash to strengthen its Marketing Intelligence Arm

Global companies follow the shortest path to recruit quality human resource and to launch innovative products; by acquiring dominant start-ups in the ecosystem. Following the same strategy, Salesforce completed its third acquisition of the year.

Strategic Changes announced in Falken Tire Corporation (FTC) North American Business

Due to the termination of the previously held agreement between Sumitomo Rubber Industries Ltd. (SRI) and Goodyear as reported on June 4, 2015, Sumitomo Rubber Industries Ltd. North America business unit will rearrange its business entity as a strategic initiative by the company for increasing its

Dow & DuPont Merger: US Chemical Industry on Turning Point

On 11th December, 2015, two giants of the global chemical industry, Dow Chemical Co. and DuPont Co., entered into an agreement for an all-stock merger to form a new company, which would be name as ‘DowDuPont’.