Oil surges as OPEC+ surprise output cuts shake markets
Oil prices surged on Monday, posting the biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut...
Science ministry eyes $1.3bn export target for chemical products
ISLAMABAD: The Ministry of Science and Technology (MoST) is preparing itself for the promotion of research and development in the country specifically...
‘Lotte Chemical’ shows interest in Pakistan’s chemical manufacturing industry
Pakistan Chemical Manufacturers Association (PCMA) Monday urged the forthcoming government to include the chemical industry in its first 100 days plan and...
Ittehad Chemicals ion exchange membrane plant commences operations
In December last year, Ittehad Chemicals Limited and Punjab Board of Investment and Trade had signed a memorandum of understanding (MoU) to establish a state-of-the-art facility, valued at $40 million
Urea inventory falls to five year low as crisis looms
LAHORE: Pakistan’s urea inventory was recorded at 86,155 tons at the end of July this year, reaching a five‐year low of around 105,000...
OBS Pakistan to acquire Globe Textile Mills Ltd
OBS Pakistan (Private) Limited, a pharmaceutical company, through the newspaper advertisement, has shown its interest to acquire 14,891,829 ordinary shares of Globe Textile Mills Limited.
Akzo Nobel to return 5.5 billion euros to shareholders after division sale
Akzo sold its chemicals division for 10.1 billion euros to Carlyle Group in March, generating net proceeds of 7.5 billion euros
Why Lotte Chemicals shut down its plant for the second time this year
The country’s sole producer of PTA finds itself chained to the fortunes - or misfortunes - of the textile industry
Engro Polymer & Chemicals to enter hydrogen peroxide business with $23m investment
Engro Polymer & Chemicals Limited derives hydrogen as part of its caustic manufacturing process
Collapse in demand hits chemical manufacturing sector
Is there no sector of the economy that the Covid-19 pandemic has not affected? Look no further: the chemicals sector, which has...
AkzoNobel Chemicals (SMC-Private) starts independent operations in Pakistan
LAHORE: AkzoNobel has announced that AkzoNobel Chemicals (SMC-Private) Limited (ANCPL) is now working as a separate legal entity in Pakistan.
Operations in Pakistan as an...
Descon Oxychem successfully conducts customer success workshops
LAHORE: As part of their dedication to upholding the highest standards in customer service, Descon Oxychem Limited organized Customer Success Workshops (CSWs)...
OBS Pakistan amalgamates AGP with AitkenStuart
It is pertinent to mention that rumours had been circulating that OBS Pakistan was going through major restructuring and this acquisition by Searle comes as a surprise for the market.
Competition heats up in soda ash manufacturing industry
Sapphire Textile Mills Ltd.’s wholly owned subsidiary Sapphire Chemicals (Pvt.) Ltd. announces plans to establish soda ash manufacturing facility
PARC becomes ‘white elephant’?
Ministry of National Food Security and Research declines additional funds worth Rs1.32 billion for PARC