>CHEMICALS & PETROCHEMICALS (CYGNUS)

INDUSTRY AT A GLANCE

MARKETING
■ Air Products Announces Price Increase for Liquid and Bulk Industrial Gas Products: USA

OPERATIONS
■ Dow to close units at Texas plants: USA

HUMAN RESOURCE
■ Monsanto Doubles Job Cuts: USA

REGULATIONS AND GOVT INITIATIVES
■ Detergent manufacturers imposing safeguard duty on soda ash import: India
■ Fertilizer ministry seeks additional gas for revival of seven fertilizer units: India
■ AMAI asks for immediate action to check surge in caustic soda import: India
■ No plan to set up chemical industries in Public sector: DCPC: India

EXPORTS AND IMPORTS
■ India may explore exporting chemicals to Kyrgyz Republic at competitive prices: DCPC: India

RESEARCH AND DEVELOPMENT
■ Alstom and Dow Dedicate New Pilot Plant to Capture CO2: USA
■ New Dow Impact Modifier for Rigid Vinyl Material Greatly Boosts Impact: USA

MERGERS AND ACQUISITIONS
■ California Products acquires Progress Paint brands: USA
■ RIL gets HC`s nod for merger with RPL: India

OTHERS
■ H. B. Fuller settles lawsuit for US$18.8 million: USA
■ GACL seeks environmental clearance for its caustic soda de-bottlenecking project: India
■ No plan to eliminate import of chemicals: DCPC: India
■ Gujarat PCPIR to be supervised by a GIDC subsidiary: India
■ BASF sells its polystyrene business in Brazil: India
■ Ajanta Pharma proposes to produce 32 drugs in new unit: India
■ CRISIL assigns 'BB-' rating to Wanksons Chemicals' bank facilities: India
■ ICRA assigns LA rating to the bank line of Huntsman Advanced Materials: India
■ Punj Lloyd bags Rs5.50bn contract from MRPL: India

To see full report: CHEMICALS & PETROCHEMICALS