News & Bulletin Updates

8Getting the correct budget delivered is never easy. This time, the Budget 2023–24 has done a very good job of putting growth in a clear context and committing to fiscal restraint. Find out the “Amrit Kaal” vision and significant focus areas.
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8To further develop and market its soft robotics for piece-picking, Bridgestone Corp. has partnered with Ascent Robotics, a provider of intelligent robot systems. The "capital and business collaboration," known as Soft Robotics Ventures, will integrate its "soft robotic hands" technology with Ascent's "eye and brain" software, which is powered by AI.
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8A brand-new thermoplastic elastomer (TPE) from Teknor Apex has been unveiled. It incorporates the proprietary plastics alternative UBQ, which is made entirely from organic and non-recyclable waste.
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8The European Union's proposed Euro VII increased pollutant emission criteria for trucks and buses has the European Automobile Manufacturers' Association (ACEA) "seriously concerned." The new legislation may make it more difficult to achieve climate neutrality and zero emissions in transportation.
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8UNECE R117 rolling resistance testing may be done at Ohio's Smithers Tire & Wheel Test Center. For tires imported into the European Union, the rule specifies standards for maximum tire rolling sound emissions, minimum wet grip performance, maximum rolling resistance, and conformity of production (CoP). For C1 (passenger car) and C2 (light truck) tires, UNECE R117 testing is applicable.
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8The Celsius II all-weather touring tire is a new offering from Toyo Tire U.S.A. This adaptable tire offers comfortable driving, grip in wet conditions, and traction in light snow from summer to winter.
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8The Q3FY23 performance of Jindal Steel and Power (JSPL) outperformed marketplace expectations by 5%, mostly due to significantly reduced costs. With less debt and impending cost savings, JSPL is on the right road despite the challenging macroeconomic backdrop of low steel prices.
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8The most recent statistics indicated that, despite a significant easing of supply chain pressures, pricing pressures remained largely muted in January throughout the whole global manufacturing sector.
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8Getting the correct budget delivered is never easy. This time, the Budget 2023–24 has done a very good job of putting growth in a clear context and committing to fiscal restraint. Find out the “Amrit Kaal” vision and significant focus areas.
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8Budget 2023–2024 notes on the department of chemicals and petrochemicals
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8Wool Fab, an exclusive handloom exposition of woolen goods, opened in New Delhi's Handloom Haat. At the expo, woolen handloom handicrafts from some of India's fascinating locales are on show and for sale.
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8The company creates, produces, and sells textile-made products including bathrobes, terry towels, and bath mats and rugs. After reporting a 46% YoY revenue increase in FY2022, Kapoor Industries Ltd. reported a 15% YoY revenue growth in H1 FY2023 (as per provisional projections), which, combined with solid profitability, improved the company's debt coverage measures.
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8The comprehensive pamphlet contains further information about these industry sectors. Learn what it explains.
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8The product and region mix helped Apar Industries (APR) record a strong quarterly performance with revenue rising and EBITDA margins improving. Conventional conductors in export markets and premium items in domestic markets are what is driving the conductor segment growth which is driving profitability.
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8UPL maintains confidence in achieving the upper limit of its revenue and EBITDA growth projections of 12-15% and 15-18% in FY23E, with growth primarily driven by the focus on differentiated solutions and new product launches. UPL cites a healthy demand picture internationally paired with higher realizations.
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8Get the most recent information on how the chemical industry will get affected by the union budget in 2023–2024.

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8Old-timers in the chemical sector have responded favorably to the Union Budget 2023–24 that was presented to the Parliament.
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Feb 02, 2023: Daily import matrices

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8Crude
8Chemicals
8Fertilizers
8Coal-Coke
8LPG
8Ammonia
8All tankers
8Bulk and Dry cargo
8Port Update
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8The fundamental custom duties, cesses, and surcharges on a few goods—including toys, bicycles, vehicles, and naphtha—have seen minor changes in the current Budget 2023–24. With the exception of textiles and agriculture, it plans to reduce the majority of basic customs tax rates on items. Denatured ethyl alcohol is considered to be exempt from basic customs charges in the budget since it is used in the chemical industry.
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8At Plastindia 2023, the leading international flexible packaging and solutions provider in India, UFlex Limited, will display a variety of printing cylinders, inks, adhesives, coatings, sophisticated printing, laminating, and slitting equipment.
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8Welspun India released mixed Q3FY23 results. In addition to addressing demand weakness in its major market, the firm is also looking forward to a number of possibilities, the biggest of which being the UK and EU Free Trade Agreement.
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8Major international companies will participate in the Plastindia 2023 expo to showcase their current lineup of products and services.
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8The Indian paint industry plans to invest billions of rupees over the next five years. This will help the business extend its market and flourish as a whole.
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Feb 02, 2023: Hazira HDPE prices

8Get the latest domestic prices for Hazira HDPE grades.
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8Get the latest rubber prices for Singapore.
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