8Tatneft, a Russian energy and petrochemicals company, has purchased a 100% stake in Uzbek tire producer Birinchi Rezinotexnika Zavodi LLC for $80 million (€75 million). Tatneft will continue to invest in the plant's manufacturing of new types of rubber engineering goods following the full takeover.
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8Zeon Corp. has invested in a California startup that will provide a bio-manufacturing platform for the production of carbon-negative high-performance materials and specialty chemicals.
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8The new BMW i4 M50, the first entirely electric vehicle created by the company's high-performance division, will use the Pirelli P Zero Elect tire. Following a "dedicated development procedure," the Italian group's tires were approved for most of the BMW M line.
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8The ERANGE, a brand-new specialized electric vehicle tire from TBC Brands, was created, built, and tested particularly for EVs and hybrid vehicles.
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8Mercedes-Benz fits its new compact SUV with tires from Continental. The tire offers exceptional efficiency, long service life, low fuel consumption, and low rolling noise.
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8To complement the company's vital commercial and technological goals, Hallite has appointed a new global marketing director.
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8The company is setting up a ferro silicon manufacturing plant in Arunachal Pradesh, with an annual capacity of 15,500 MT. Find out more about the company.
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8The world’s leading integrated steel and mining company, ArcelorMittal, has announced fourth-quarter 2022 results.
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8Due to weak worldwide demand, India's completed steel exports halved over the first ten months of the fiscal year that started in April 2022.
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8The company reported a 62.75 per cent year-on-year (YoY) drop in EBITDA due to lower shipments and selling prices.
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8Find out the financial performance for the fiscal year's third quarter ending March 2023.
There has been an increase in revenue and profit
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8The company is one of the leading pharmaceutical company and is a significant player in the field of specialty chemicals with world-class facilities.
But profits margins are shrinking from their highs in the earlier years
Learn more about the company and its recent business activities.
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8Get the latest rubber prices for Singapore.
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8WSG Industrial Services, the independent provider of process, pipeline, and industrial services to the UK and European refinery and LNG terminal sectors, has announced the purchase of Nitrovia, a French provider of petrochemical, refining, and pipeline services, for an undisclosed price.
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This price rise is on account of rising energy and raw material costs, supply chain stress, and higher freight transportation expenses.
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8A wholly owned subsidiary of the company has entered into a multi-year contract with a large multinational company for the manufacture and supply of a key agro-chemical fluoro intermediate
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8Both companies are continuing discussions for new expansion commitments.
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8After a boom seen in FY21 and FY22 with a recorded trade worth USD 29.9 billion and USD 44.4 billion, respectively, Indian textile exports from India are expected to fall by 16-18% in FY23 with a slowdown in demand, especially from the US and Europe.
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8This initiative will help facilitate access to hydrogen, enabling the development of its use for goods transportation and further strengthening the hydrogen sector.
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8The company enforced a new, integrated HR platform for the whole company that would enable better human capital management throughout the entire business globally.
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These kinds of figures were unheard of before in the fertilizer industry, where the top line grows by 50% and the line growth by 138%.
8Look at the data this way: ammonia prices jumped 4%, phos acid 80%, gas around 96%, potash 103%.and yet the company made so much money
8That means higher prices have been passed on
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New type of micronized zeolite are coming in which are carbon friendly>
8This one for example contains the full suite of micro & macro nutrients required by growing plants.
8Applied by suspension in water. Sprayed on leaves of maturing plants or fruit using manual or mechanical spraying equipment, with a stirring system
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Here is a fertilizer company that says that it has procured fresh gas at around $18/mmbtu
8And it plans to procure more at that price range
8Also it is setting up a fertilizer raw material complex, where margins could be as high as $400/tonne
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8Get the latest spread between imported phos acid, ammonia and natural gas here
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Chambal has recorded lower profits
8But they are still quite hefty
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