News & Bulletin Updates

8Combining production and distribution capacity, the joint venture is expected to become a leading supplier of renewable materials to the rapidly growing consumer care market in India and neighbouring countries

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8A requirement has come up fo r24,000 kg of industrial salt for a DM plant

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8Chemplast is going to hold an analyst/institutinal investor meeting on Jun 2, 2022 in Mumbai

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8A new line of sustainable nylons has been introduced that includes nylon 6 resins obtained from post-consumer recycled (PCR) nylons and nylon 66 materials obtained from post-industrial recycled (PIR) nylons

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8Reliance Brands Ltd has signed a joint venture arrangement through which it will acquire a 40% stake in a toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with a long-term strategic interest in building toy manufacturing in India

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8They will convert used fishnets, trawls and ropes that would previously have ended up in the ocean or on landfills into high-grade and virgin-like raw material

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8This company has expanded its Automotive Coatings Application Centre at the Coatings Technology Centre in Mangalore, India

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8South Korean chemical firm LG Chem will enter into a joint venture with a Chinese miner in a bid to strengthen its supply of raw materials for electric vehicle batteries

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8Japanese catalyst supplier Nippon Shokubai and a French materials firm are joining forces to launch feasibility studies and establish a joint venture for the construction of an industrial plant for the production of LiFSI ultrapure electrolyte salts, a key component of battery cells for electric mobility

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8Materials firm Borouge, a joint venture between UAE’s Abu Dhabi National Oil Company and Austrian chemical producer Borealis, has successfully closed its US$2 billion initial public offerings, the biggest to be listed on the Abu Dhabi Securities Exchange (ADX), with demand for the IPO topping US$83.4 billion, an oversubscription level of almost 42 times

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8The company plans to enlarge its flagship Asia-Pacific R&I center in Shanghai
8This expansion represents one of the company’s latest efforts to further increase its investment in China

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8Myers Industries announced that it has acquired the assets of a leading auto aftermarket distributor with along standing reputation for quality and service
8This value creating acquisition is another proof point in the company’s successful execution of its 3-horizon strategy

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8Continental is extending its long-standing partnership and sponsorship activities until 2027

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8Green View Udyog Pvt Ltd is engaged in manufacturing of polyvinyl chloride (PVC) pipes & fittings

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8Milliken & Company says it has made a significant investment in the coating additives laboratory it acquired in 2020 as part of its purchase of Borchers Americas

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8The agricultural business corporate saw a dip in net profits this quarter

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8Get the latest rubber price in Singapore

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8Ren Xianquan, Vice President of Haier Smart Home visited Dawn to exchange views on the green developments related to the recycled industry

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Jun 02, 2022: Daily import matrices

Get the daily updates for
8Chemicals
8LNG
8Crude

8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update

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Get here the cotton prices for today
8China Cotton Index : 01-06-2022: 21525 Yuan (Changed: +6)
8Karachi Cotton Association Spot Rate: 01-06-2022: Pak 22680 (37.324Kg) (Un-Changed: )
8MCX - Cotton Future : 01-06-2022: July : 2022 : Rs. 44760 (Changed: -780)
8NYBOT- Cotton Future: 01-06-2022: July: 2022 : $ 136.06 (Changed : -2.92)

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8The ONGC chairman will be retiring going ahead
8Who will be replacing her?

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The Indian shipbuilding industry compared to China, for example.
8There are as many as 28 shipyards at less than 0.5% of the global share
8China has over 50% of the market
8Even a big subsidy has failed to motivate the industry
8What are the key reasons why Indian shipbuilding never took off?

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8There is a dire warning for those who are looking at long term gas
8If you do not tie-up now, it may be too late

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Mecon is an important players in the oil & gas industry
8And there has been a change at the top that the industry needs to take note of

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8It is mentioned in this report that GAIL has a pipeline monetization value of Rs 4000 crore
8But how and when to monetize and what to monetize remains a moot point
8Also what is the pooled price that GAIL has set for this month?

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