Chemicals company BASF on Monday said it has received Rs 197.63 crore from Stahl India for sale of its leather chemicals business.
“The company has received an aggregate sum of Rs 197.63 crore from Stahl India Private towards the consideration for the sale of the leather chemicals business,” BASF India said in a BSE filing on Monday.
According to the statement, the leather chemicals business stands transferred to Stahl India from September 30, 2017.
BASF India’s parent company BASF SE Germany had signed an agreement for sale of global leather chemicals business to Stahl Group.
BASF India is engaged in providing chemicals, plastics, performance enhancing and crop protection products, among others.
Source: Money Control
Johnson Matthey is expanding its fuel cell operations into China with a £7.5-million facility to manufacture critical components for customers in the region.
Having invested around EUR 25 million in the construction of this 80,000-m3 facility, Borealis can now source and store naphtha for its Porvoo operations from the global market in a more flexible, cost-efficient, and secure way.
Mitsubishi Chemical Holdings, Japan’s largest chemical maker, has named Jean-Marc Gilson, CEO of plant-ingredients maker Roquette Frères (Lestrem, France), as its next CEO, effective 1 April 2021.
