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RDC celebrates 100th plant milestone in Surat, targets Rs 2,500 cr revenue

With a monthly delivery capacity of 4 lakh m3 (cubic meters) catering to various sectors, RDC has set an ambitious target to extend its reach to every state and Union territory in the country.Read more

Balaji Amines surges 3% on mega project status

The company is set to embark on a capital expenditure (capex) for a new product, n-Butylamine, with a production capacity of 15,000 metric tons per annum.Read more

Greaves Cotton announces Q1, FY24 earnings, EBITDA stood at Rs 45 Cr

Greaves Cotton saw a growth of 63 per cent y-o-y, and improvement in margins by 4 bps to 11.3 per cent. Company’s new acquisition Excel's revenue stands at Rs 39 crores with robust margins.Read more

Sundram Fasteners shows Rs 500 Cr profit in audited financial results for FY23

The board of directors of Sundram Fasteners Limited announced the audited financial results for the year ended March 31, 2023. It showed the twin milestones of crossing consolidated revenues of Rs 5,000 crores and net profit of Rs 500 crores by the company.Read more

LANXESS registers €275 mn EBITDA pre-exceptionals in first quarter of 2019

The EBITDA margin pre exceptionals improved from 14.9 per cent in the previous year to 15.1 per centRead more

LANXESS on course for record year post its third quarter

Global sales increased by 25.1 % or EUR 483 million to EUR 2.4 billion. A year earlier, they amounted to EUR 1.9 billion. EBITDA pre exceptionals improved by 35 % to EUR 347 million, compared with EUR 257 million in the prior-year quarter. The contributions from the acquired Chemtura businesses as well as higher volumes had a particularly positive effect.Read more

LANXESS continues to expect record earnings for 2017 following strong second quarter

Following a good second quarter 2017, specialty chemicals company LANXESS continues to expect the highest earnings in the company’s history for the current financial year. Global sales of the company increased by almost 30 per cent to EUR 2.5 billion, up from EUR 1.9 billion a year earlier. EBITDA pre exceptionals improved by around 25 per cent to EUR 367 million, compared with EUR 293 million in the prior-year quarter. Read more

Lanxess announces plan to acquire Chemtura

Lanxess, the specialty chemicals company has announced plans to acquire US-based Chemtura Corporation, one of the major global providers of high-quality flame retardant and lubricant additives. With the largest acquisition in its history, Lanxess is building on its own additives portfolio and will become one of the world’s major actors in this growing market.Read more

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