Market Flash

Piramal Pharma Solutions was recognized as a winner at the CMO Leadership Award 2018.

• Award
• Piramal
• Leadership

CSIR-National Chemical Laboratory (CSIR-NCL, Pune) and the Department of Science and Technology (DST) have signed a collaboration agreement with Lupin Ltd. for a continuous purification process development of a biosimilar monoclonal antibody (mAb) ...

• Lupin
• Inida

Dr. Reddy’s Laboratories Ltd. (DRL) has announced that it has launched Levocetirizine Dihydrochloride Tablets USP, 5 mg, an over-the-counter therapeutic equivalent generic version of Xyzal Allergy 24HR Tablets, from UCB, in the US market as approved...

• DRL
• US
• Anti-Allergy

Pharma major Lupin has announced the launch of its Tydemy Tablets (Drospirenone, Ethinyl Estradiol, Levomefolate Calcium, 3 mg/0.03 mg/0.451 mg and Levomefolate Calcium, 0.451 mg) having received an approval from the USFDA earlier...

• Lupin
• Safyral

Dairy supplier Arla Foods is set to increase the price for its milk by 0.32 pence per litre (ppl) from 1 April, the first rise since December last year, taking the price of milk sent to processors to 27.43ppl.

• Dairy
• Price

Indian Oil Corporation Ltd. & Tata Motors Ltd. have successfully launched demonstration trials of India’s first hydrogen fuel cell bus.

• Inida
• Oil

Petrofac has been awarded a lumpsum Engineering, Procurement and Construction (EPC) contract by Bharat Petroleum Corporation Ltd. (BPCL) valued at approximately $135-mn.

• Petrofac
• India
• Contract

The chemical industry in the Arabian Gulf region must embrace the circular economy, which if correctly leveraged can generate huge economic and environmental benefits, said speakers at the 9th GPCA PlastiCon held in Dubai recently.

• GCC
• Environment

Hindustan Petroleum Corporation Ltd. (HPCL) has registered gross sales of Rs. 62,832-crore during Q3 (October-December), FY18 as compared to Rs. 55,471-crore for Q3 FY17. Quarterly Profit after Tax (PAT) increased to Rs. 1,950-crore (Rs. 1590-crore)...

• HPCL
• India

Toyo Engineering Corporation (Japan) has been awarded a contract for a project to construct a large-scale fertilizer complex in Gorakhpur, Uttar Pradesh. This complex will be constructed jointly with Toyo Engineering India Pvt. Ltd...

• Toyo
• Fertilisers

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the proposal of the Department of Fertilizers (DoF) to continue the urea subsidy scheme to 2019-20 at a total estimated cost of Rs. 164,935-crore...

• India
• Fertilisers
• Urea

Depleting cotton stocks with ginners and shortage of quality lint should have triggered buying from spinners but this did not happen bec...

• Pakistan
• Cotton

Reuters reported earlier this month that the government was planning to bring in rules to force sugar mills to export millions of tonnes...

• Sugar
• Export

The original intent was to supply Soma with 1 million tonnes per annum (mta) of LNG from the Pacific NorthWest export project planned fo...

• LNG
• Terminal
• Import

He presented the new IHD series from Romaco Innojet, which was specially designed for pharmaceutical hot melt coating processes and meet...

He presented the new IHD series from Romaco Innojet, which was specially designed for pharmaceutical hot melt coating processes and meet...

• Coatings
• Pharmaceuticals

The fragrance industry was in the spotlight at the recently concluded CSIR-Industry Action Plan for Sustainable Development – INCITE 2018 – event held at CSIR-India Institute of Toxicology Research (IITR), Lucknow.

• Fragrance
• India

The colorants industry, comprising producers of dyes, pigments and their intermediates, is an important part of the chemical industry, particularly in India and China. Products from the industry serve the function of coloration...

• Colorants
• India
• China

Japan and India will work together on the issue of food safety. This was announced at the session on ‘How can we enhance accessibility to Japanese food in India?’ jointly organized by the Confederation of Indian Industry (CII) and JETRO in New Delhi...

• Japan
• India

The import volume in South China accounted for 73% of total volume, with Guangzhou taking the lion’s share of 69%.