Company Dynamic

RP Sanjiv Goenka group company Phillips Carbon Black Ltd (PCBL) today said it will be investing Rs 300 crore to ramp up the capacity and was also evaluating a greenfield carbon black plant in south India.

• PCBL
• Capacity

The Life Insurance Corporation of India is monitoring developments in Infosys closely and is likely to meet the company’s management soon, sources in the know told Moneycontrol.

• LIC
• Buy

It was a bit unexpected when earlier this month PayPal Holdings announced that it agreed to acquire privately-held Swift Financial

• PayPal

Reliance Industries Ltd, owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector

• Reliance
• BP

Total SA announced that it is acquiring 100 percent shares of Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A P Moller – Maersk A/S, for $7.45 billion.

• Total

A report from the Fitch Ratings states that it maintains E.I. du Pont de Nemours and Company's (DuPont) ratings on rating watch negative.

• DuPont

Rosneft has successfully completed the acquisition of 49.13 percent shares of Essar Oil Limited (EOL) from Essar Energy Holdings Limited (EOL) and its affiliates.

• Rosneft

The Canada Border Services Agency (CBSA) initiated investigations on August 18, 2017

• Anti-dumping
• Anti subsidy
• China
• Canada

Yisheng Dahua lowered the operating rates of the 3.75 million mt/yr PTA unit on Aug 18 and has recovered to full capacity gradually.

• PTA
• Dalian

It is reported that BP Zhuhai has shut its 1.1 million mt/yr PTA unit due to undisclosed reason.

• PTA

A fire that broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries, has been put out with no reported casualties, state media reported.

• Dalian
• PetroChina

BASF New Business GmbH, a subsidiary of BASF SE has acquired 100 percent of the filament producer Innofil3D, headquartered in Emmen, Netherlands.

• BASF

Ascend Performance Materials has marked the completion of Project Staple, a $6.2 million expansion project that added nearly 30 new jobs at the company’s plant in Greenwood, South Carolina.

• Ascend

BHP Billiton Ltd, a mining company said that it has approved a capital expenditure of $2.46 billion for the expansion of its Spence copper mine in Chile.

• BHP

Asia Pacific (APAC) chemical sector has been staging a tentative recovery from tough economic phases over the past few years.

• APAC
• Chemical

Toray Industries Inc said that it will invest Rs 1,000 crore for the manufacture of technical textiles in Andhra Pradesh (AP).

• Toray

According to customs statistics, imports of yarn and textiles through Xinjiang port declined by 59.08% y-o-y to $1.537 million in July 2017

• July
• Import

A fire broke out on Thursday at state oil major PetroChina’s 1.4 million mt/year residue catalytic cracker in Dalian, Liaoning province. No casualties have been reported so far.

• Fire
• PetroChina Dalian

Apollo Tyres is looking to nearly double sales volume of its two-wheeler tyres to around two lakh units a month this fiscal, according to company Chief Financial Officer Gaurav Kumar.

• Apollo
• Tyre

KRA and certain of its wholly owned subsidiaries announced the closing of a €260 million term loan priced at EURIBOR plus 2.50 percent with a 0.75 percent floor.

• Kraton