Reliance struggles with troubled Trevira

Trevira was Reliance’s first global acquisition and was expected to be the start of a wider programme to extend Reliance’s global reach through mergers and acquisitions. But just five years later Trevira is once again on the block after filing for insolvency with a German court. Reliance has pumped in Euro55m to clear outstanding bank […]

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Can Reach be ignored?

If it is any consolation, Indian companies are not the only ones frustrated by Reach, the new regulation relating to registration and sale of chemicals in the EU. The mood at the European Chemicals Agency’s (ECHA) Second Stakeholder Day in Helsinki was one of ‘frustration’ and ‘anger’, writes my colleague Will Beacham. Chemical industry executives […]

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New Mangalore refinery shelved

ONGC has taken a difficult but sensible decision. It has finally shelved plans for a new 15m tonnes/year refinery and petrochemical complex at Mangalore. The project had been facing considerable resistance from the local population. In addition, questions were being raised on the viability of the project. The sharp change in the global business environment […]

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New Mangalore refinery shelved

ONGC has taken a difficult but sensible decision. It has finally shelved plans for a new 15m tonnes/year refinery and petrochemical complex at Mangalore. The project had been facing considerable resistance from the local population. In addition, questions were being raised on the viability of the project. The sharp change in the global business environment […]

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Will a new broom sweep clean?

It is good to be back to some good news. The election is finally over and the UPA has been voted back to power with promises of stability and more reforms. But the chemicals industry will have to deal with a new minister as Ram Vilas Paswan was not be voted back to parliament. This […]

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Summer holiday

I am taking a short break from a very hot summer in Mumbai. I will be back in a couple of weeks with more on world of chemicals

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Reason to cheer

This post is for all my Indian friends who still have their jobs. ECA International expects India to see an average salary increase of around 10.8% this year, down from the double-digit growth seen in the last few years but still the highest in Asia Pacific. The average pay hike for the region is expected […]

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Green lobby strikes again

Chemplast Sanmar’s new PVC plant is ready but commissioning remains uncertain as the company faces two petitions in the Supreme Court against the company’s marine terminal facility that would be used to import vinyl chloride monomer feedstock, says this report on ICIS news. Another report says that local politicians have voiced apprehensions over the berthing […]

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Not so fine anymore?

News is slowly trickling in of Indian pharmaceutical and fine chemical companies shutting down facilities that were acquired with great zeal during the 2005-08 overseas acquisition drive. Shasun has decided to shut its facility at Newbie in Scotland and is reportedly shifting manufacturing to other locations in the US, the UK and India. The Newbie […]

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Confronting China

It’s the turn of the Confederation of Indian Industry (CII) to highlight the threat of cheap Chinese imports. “The threat of dumping of cheap Chinese products in India is real and serious,” says Venu Srinivasan, the new president of the CII. This is something that’s been worrying many Indian companies for a while now. If […]

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