Advanced Enzyme Technologies Ltd, India’s largest food supplement enzyme manufacturer, said it has appointed an exclusive distributor for Indonesia, Malaysia, Philippines, Singapore, Thailand & Vietnam. The distribution agreement with Singapore-based Azelis covers all food enzymes and probiotics for the food & dietary supplement industry. Azelis sells chemical and food ingredients in over 50 countries across […]
Specialty chemicals maker Anupam Rasayan said it has signed a preliminary, Rs 145 cr supply agreement with an existing European customer “which is one of the top ten multinational company across the globe”. The company did not name the client or the molecule to be supplied, but said the specialty chemical is related to life […]
Nagarjuna Fertilizers and Chemicals said it is facing working capital issues that are preventing it from operating its plant. “..the company had taken plant maintenance activities on July 4, 2018,” it said in a statement today. “The shutdown had to be extended due to inadequate working capital on account of Direct Benefit Transfer (DBT) and accumulated […]
Mangalore Refinery and Petrochemicals Limited, an oil refinery and subsidiary of ONGC, denied allegations that it has not been paying due excise duty. Media reports carried allegations that the company was not paying due excise duty on its production of Mixed Xylene, a raw material used in a variety of manufacturing industries, quoting tax officials. […]
Akzo Nobel will be setting up a new powder coating plant in Mumbai with an investment of ₹ 63.5 cr to increase its capacity in the region, said the company. The Mumbai factory will produce products that are new to the Indian market including bonded metallic powders and localized products for markets such as pipe […]
Speciality chemicals and veterinary drug manufacturer Omkar Speciality Chemicals Ltd said quarterly revenue jumped 24% compared with the previous year. The strong growth in all its business segments has also made the net profit and operating profit increase by 34% compared with the previous year results. Director of Omkar Speciality Chemicals, Mr. Omkar Herlekar, while commenting […]
