News & Bulletin Updates

8The Indian market is getting to be tough sailing for GE T&D
8COIVD after effects and intense competition are the two major hallmarks of the busienss now
8It has a 100 years of presence of India but the going is tougher than before

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8BHEL is back in the black after a couple of bleak years
8What has driven this turnaround and will it last?

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8This Indian company manufactures bromine and bromine derivative chemicals and has access to a large portion of India’s only economically viable Bromine rich location - Rann of Kutch
8It is a market leader with a significant market share in the domestic market. Further, bromine has a positive demand outlook due to its increased applications and improving realisations in the domestic and global markets

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Candidates have been shortlisted on the basis of a written test.
8They will be interviewed for the posts of project development cell, investment promotion consultant, chemical disaster and accident management cell, etc

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8The International Monetary Fund (IMF) has cut its growth forecast for India for FY23 by 80 basis points, warning that Russia's invasion of Ukraine would hurt consumption and hence, growth, by way of higher prices

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8Iron ore exports from the Indian state of Karnataka may resume soon, following a court order that lifts previous curbs

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9The Ministry of Environment, Forest and Climate Change of India published the amendment rules of Lead Stabilizer in Polyvinyl Chloride (PVC) Pipes and Fittings Rules
8The amendment shall enter into force six months after its publication

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8Speciality chemical producer, Deva Drill Tech’s rating was downgraded as the company continues to remain under the issuer non-cooperating category

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APUPL is engaged in the manufacturing of Polyurethane Foam and EPE Foam mattresses.
8And the company seems to be doing well enough

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Evonik is navigating tight supply chains and raw material markets and is still putting limitations on sales potential. 8China's lockdown has put further stress on local and global supply chains. However, the company reported a healthy demand in Q1 with no slowdown in demand or order books visible yet

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8Thermax is an Indian multinational engineering conglomerate, involved in clean air, clean energy and clean water, headquartered in Pune
8The company has 3700 employees globally with installations in 88 countries and a sales and service presence in 30 countries. The company has 10 manufacturing locations in India and 4 abroad, it also recently reported $651 million in revenue

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811 applicants were interviewed in the search cum selection meeting and one name was recommended

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8Oil and gas firm TotalEnergies and a recycler are in a commercial agreement under which they will build an advanced recycling plant in Texas to transform end-of-life plastic waste into a recycled feedstock that TotalEnergies will partly purchase and convert into virgin-quality polymers, which can be used for food-grade packaging

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8Materials firm Chemours Company is leading a three-year recycling research project in collaboration with industry, academic, and government experts to develop an efficient, cost-effective, and more sustainable process for recovering titanium dioxide (TiO2) and polymers from plastic end-use products

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8Phillips 66 remains on a Polypropylene Force Majeure at its Bayway, New Jersey facility due to additional equipment failure and unplanned maintenance that is needed

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8A major North-East Asian producer has reduced its offerings for June shipments of polyvinyl chloride (PVC) to China by USD130 per tonne

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8Plastic chemical recycling firm issues ESG report saying its polypropylene production also produces low carbon emissions

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8The company CEO said the company is looking forward to scaling its operations in India

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8A research report on the rubber gloves market states that the global market for rubber gloves generated $34.0 billion in 2020, and is expected to garner $122.5 billion by 2030, witnessing a CAGR of 12.2% from 2021 to 2030

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8Freudenberg Medical has introduced a high purity thermoplastic elastomer TPE tubing designed for use in pharmaceutical and biopharmaceutical applications

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8German materials firm Covestro has launched the production of Desmodur 15 prepolymers at its Spanish site in Barcelona. With this new production line, the company addresses the growing demand for its high-performance elastomers

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8Borealis AG (Borealis) and a national oil company intend to float a 10% stake in their joint venture company

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May 23, 2022: Power Mech: Expanding

8Power Mech is a leading Industrial Services and Construction Company providing versatile and comprehensive services in the power and infrastructure sector. The company presently operates Pan-India and has international operations spread across the Middle East, North Africa, Africa and South Asia
Find out for more on the comapny's plans

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8Neogen Chemicals plans to increase the manufacturing capacity of Specialty Organic Chemicals substantially
8This will support new molecules which have been developed in-house and enhance the ability to do multiple chemistries

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8A meeting of the Board of directors of the company is scheduled to be held on 30th May 2022. The meeting will consider and approve the audited financial results of the company

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