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 •  January 16

New Delhi: AkzoNobel, paints and coatings company and the makers of Dulux paints in India, unveiled Heart Wood today as the Colour of the Year for 2018. As a part of the 15th edition of AkzoNobel’s annual global study, ColourFuturesTM, the colour trend – ‘Heart Wood’ was unveiled, according to a company statement. Developed by the company’s Global...

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 •  August 10, 2017

New Delhi: Tyre volume demand is expected to grow by 7-8% during FY18 and FY19, boosted by higher OEM demand and stable replacement demand, says an ICRA research report. Replacement demand for trucks and buses (T&B) is likely to pick up to 5 % in FY18 following the 0-3 % decline witnessed in FY17. Though demand in Q1FY2018 suffered due to...

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 •  July 26, 2017

NEW DELHI: Leading two-wheeler manufacturer Hero MotoCorp Ltd. (HMCL), today announced its highest-ever quarterly sales of 18,53,647 units, with a robust growth of 6.2% over the corresponding period last year (April-June’16 17,45,389 units), according to a company statement. Hero MotoCorp had sold 17,45,389 units in the corresponding quarter of the...

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 •  July 14, 2017

NEW DELHI: Specialty chemicals company, Lanxess has developed a new compound called Pocan AF4130 in collaboration with Hella KGaA Hueck & Co., based in Lippstadt, Germany. The new compound serves as a housing material for a battery management unit (BMU) and two cell monitoring units (CMU), according to a company statement. The blend of polybutylene...

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 •  July 13, 2017

New Delhi: Tata Motors Limited and Mahle, one of the world’s 20 largest suppliers to the automotive industry, have signed a joint development agreement for designing and developing a Secondary Loop Mobile Air Conditioning System (SL–MAC), under the aegis of the Nations Environment, according to a company statement. Mahle and Tata Motors, along with...

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 •  July 4, 2017

New Delhi: Following the acquisition of U.S. firm Chemtura in April this year, specialty chemicals company Lanxess has revised its organizational structure. The two business lines Rubber Additives Business (RAB) and Colorant Additives Business (CAB) now both belong to the Rhein Chemie business unit, according to a company statement. Lanxess’s goal...

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 •  June 20, 2017

New Delhi: At this year’s Annual Stockholders’ Meeting, specialty chemicals company Lanxess was able to look back at a year of strong figures. According to a company statement, EBITDA pre exceptionals of Lanxess rose by 12.4 percent to Euro 995 million in 2016, compared with Euro 885 million a year earlier. The main drivers of this positive...

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 •  April 27, 2017

New Delhi: Hosur based two-wheeler manufacturer TVS Motor Company said that the company has extended suitable support to its dealers by providing a net of Rs 57 crores from its fourth quarter profits towards discounts and sales of BS-III vehicles sold by TVS dealers in March 2017, the company mentioned in its 4th quarter results announcements media...

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 •  April 26, 2017

NEW DELHI: Global chemical manufacturer Lanxess on Wednesday acquired US-based Chemtura, which primary deals in flame retardant and lubricant additives, for a total enterprise value of EUR 2.4 billion (approx Rs 16 lakh crore). The company said, in a statement, Chemtura is the largest acquisition in the history of Lanxess. Chemtura’s shareholders...

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 •  April 17, 2017

KOCHI: Natural rubber exports from India registered a big jump during last fiscal with 20,030 tonnes leaving the country. It was only 865 tonnes in the previous year. After touching 30,594 tonnes in 2012-13, the exports had progressively dropped every year owing to relative low price of natural rubber in the international market. During 2016-17,...