Diversified Chemicals

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Pidilite Industries Ltd announces incorporation of a subsidiary company

6:50am EST

Pidilite Industries Ltd:Says that Pidilite Industries Limited along with its wholly owned subsidiary Fevicol Company Limited has on Nov. 20, 2015 incorporated a company in the name of 'WOOD COAT PRIVATE LIMITED' to be engaged in all types of coatings for wood including wood stains, fillers, primers, wood finish etc.

BASF SE to reorganize its paper, water, oilfield and mining businesses;

Monday, 9 Nov 2015 07:00pm EST

BASF SE:Is reorganizing its paper, water, oilfield and mining businesses.Is combining Water Solutions and Paper Chemicals to form new global business unit “Paper & Water.”.Oilfield & Mining Solutions” will operate as global business unit.Both global business units will be headquartered in Ludwigshafen, Germany.Changes will be effective as of Jan. 1, 2016.Expects overall a reduction of about 120 positions worldwide until end of 2016 resulting from alignment and refocussing of business structures.

Nippon Soda lowers consolidated full-year revenue outlook and raises year-end dividend forecast for FY 2016

Friday, 6 Nov 2015 01:00am EST

Nippon Soda Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 147,000 mln yen from 150,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 6,300 mln yen from 6,700 mln yen.Ordinary profit forecast increased to 18,900 mln yen from 12,700 mln yen.Net profit forecast increased to 14,100 mln yen from 10,000 mln yen.Earnings per share increased to 92.13 yen from 65.79 yen.Says profit outlook raised due to the improved performance in U.S.-based affiliated company.Says it raised the year-end dividend forecast to 7 yen per share from 5 yen per share for the fiscal year ending March 2016.

Samsung Fine Chemicals announces change of CEO

Friday, 6 Nov 2015 12:44am EST

Samsung Fine Chemicals Co Ltd:Lotte Chemical Corporation's stake in the company was increased to 31.13 pct (8,031,190 shares) up from 0 pct.


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