Market Updates - Chemicals
- National Aluminum Company (NALCO), the country's largest public sector aluminum company, has entered into a joint venture with Gujarat Alkalies and Chemicals Limited (GACL) for setting up a caustic soda plant and a captive power plant at Dahej. The total investment in the project will be to the tune of Rs 1,789 crore.
- Exports fell for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion. Sectors that suffered the brunt of this trade decline include petroleum products, leather and leather goods, marine products and chemicals. Over the months, global slowdown played a key role in pulling our exports down and concerns are now even deeper with China devaluing its currency by nearly 6 percent last week.
- Deepak Nitrite in a communication to the BSE said that its Board of Directors on August 7 had approved setting up of a project to manufacture phenol and acetone at a cost of about Rs. 1,200 crore. The proposed unit would be set up at Dahej in Gujarat. The capacity of the phenol plant would be 2 lakh MPTA and that of the co-product acetone 1.20 lakh MPTA.
- Gujarat Heavy Chemicals Ltd (GHCL), a manufacturer of inorganic chemicals and textiles, will invest 1,050 crore over the next few years for expansion of soda ash and textile capacity.
- The Brahmaputra Cracker & Polymer is setting up its manufacturing facilities of Ethylene and Propylene at Dibrugarh in Assam. The project involves an investment of Rs.89.2 billion and will add a capacity of 220 thousand tonnes of ethylene and 60 thousand tonnes of propylene. The Project is expected to be completed by September 2015.
Market Updates - Animal Feed
- UK Based leading feed ingredites producing company, AB Vista has opened its first office in India, following extensive growth in the region during the past eight years.
- India to become world's largest Animal Feed Market Growth prospects are brilliant on the future of India's feed sector; as the industry gears towards becoming a US$30 billion business by 2020, and with a compound annual growth rate of 8%, India may eventually position as the biggest feed market in the world.
- India to clamp down on wheat imports with 10% duty Sufficient supplies of wheat in India has prompted the government to consider imposing a 10% import duty on the grain since a tariff was last implemented eight years ago.
- Poultry & Livestock Expo 2015 :From 21 – 23 August 2015 at Bangalore,International Exhibition Centre, Bangalore, India.
- Livestock Asia Expo & Forum 2015:From 21 - 23 Sept 2015 at Kuala Lumpur Convention Centre, Malaysia.