ICIS Blogs : fine chemicals

More changes at Jubilant?

India Chemicals Blog — Tue, 16 Jun 2009 13:36:51 GMT

Jubilant Organosys appears to be taking one more step in transforming itself into a pharmaceutical company. The company is looking at selling its industrial and performance products division and expects to realise Rs3.0-3.5bn from the sale, says this...(read more)

Students still love IT

India Chemicals Blog — Wed, 10 Jun 2009 23:08:01 GMT

Indian information technology (IT) companies may no longer be queuing up at campuses for fresh graduates but engineering students continue to rank this sector above all others, according to the latest Nielsen Campus Track T-Schools study . Chemicals,...(read more)

Will a new broom sweep clean?

India Chemicals Blog — Wed, 27 May 2009 07:23:21 GMT

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...(read more)

Reason to cheer

India Chemicals Blog — Wed, 08 Apr 2009 12:48:33 GMT

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...(read more)

Not so fine anymore?

India Chemicals Blog — Mon, 06 Apr 2009 06:16:17 GMT

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...(read more)

No immunity from credit crisis

India Chemicals Blog — Fri, 10 Oct 2008 05:26:01 GMT

There is no way that Indian chemical companies can escape from the global financial crisis. Tough times lie ahead as companies will be hit on all fronts - high cost of credit, falling demand as the global economy slows down and increased supply once new...(read more)

FTA woes

India Chemicals Blog — Fri, 29 Aug 2008 12:07:24 GMT

India and Asean are all set to implement an FTA (free trade agreement) from 1 January 2008. Both sides completed six years of negotiations yesterday and a final agreement is due to be signed in December this year. Over 400 products are on the sensitive...(read more)

Time to wake up to climate change

India Chemicals Blog — Wed, 30 Jul 2008 10:13:15 GMT

India is known to move slowly. So it is perhaps not surprising to read that most local companies have yet to formulate strategies to face the challenge of climate change. KPMG recently released a report on a study carried out earlier this year to understand...(read more)

Confident CRAMS

India Chemicals Blog — Mon, 21 Jul 2008 09:43:33 GMT

There are a few optimistic companies that are betting on growth in the midst of inflation, rising crude oil prices and a worldwide economic slowdown. Some custom research and manufacturing services (CRAMS) players believe that the pressure on costs will...(read more)

Watch Out!

India Chemicals Blog — Thu, 19 Jun 2008 07:13:46 GMT

It is time for the Indian chemical industry to wake up to the threat of increased flow of downstream chemicals from the Middle East. Countries such as Saudi Arabia are aggressively pushing for the development of a petrochemicals industry that goes beyond...(read more)

Sign of things to come?

India Chemicals Blog — Thu, 12 Jun 2008 07:54:04 GMT

The big news today is Daiichi Sankyo's acquisition of a controlling stake in Ranbaxy , India's largest pharmaceutical company, for $4.6bn. Analysts have been quick to predict many more such deals which will see international pharma majors entering...(read more)

Atul inks polymer additives deal with DSM

India Chemicals Blog — Tue, 03 Jun 2008 12:18:07 GMT

Atul has successfully secured a contract manufacturing deal with Stamicarbon and DSM Licensing Centre for phosgene-based polymer performance additives used in polyamides. Atul will manufacture the additives based on guidelines given by Stamicarbon with...(read more)

Struggling with Reach

India Chemicals Blog — Tue, 27 May 2008 10:45:20 GMT

Are Indian chemical companies ready for Reach? Apparently not, says this report in today's Mint. The problem appears to be not only lack of awareness about the EU programme for registration, evaluation and authorisation of chemicals (Reach) but also...(read more)

Phosphorus chems in a pickle

India Chemicals Blog — Mon, 26 May 2008 09:16:11 GMT

Indian chemical companies relying on China for phosphorus are a worried lot. Supplies from China have been erratic for over a year but the Chinese government's decision to raise export tax for phosphorus from 20% to 120% promises to compound the problem...(read more)

Pharma still keen on M&As

India Chemicals Blog — Thu, 15 May 2008 11:57:27 GMT

The Indian pharmaceutical sector is keeping the M&A fire burning with six deals concluded last month, up from eight in the January-March period. The list includes Jubilant Organosys' $255m acquisition of US-based DRAXIS Health and the $218m buyout...(read more)