Private cash for IOT

IOT Infrastructure & Energy Services, the 50/50 Indian Oil Corp/Oiltanking joint venture, has raised Rs 100 crore ($20m) from India Infrastructure Development Fund, the private equity arm of UTI AMC.

Vopak invests in Indian terminal

Vopak has acquired CRL Terminals Pvt Ltd, which operates a bulk liquid chemical and vegoil terminal in the port of Kandla on India’s west coast.

Iron fines warning repeated

The UK P&I Club has renewed its warnings on the carriage of iron fines by bulk in ships. The trade from India to China is increasing and, says the Club, “is likely to persist for the foreseeable future”.

India drums up growth

The Indian market for 210 litre steel drums has traditionally grown at around 3 to 4 per cent per annum, but the past three years have seen “accelerated growth of perhaps five to six per cent”

BDP expands in Asia

INTERNATIONAL US-headquartered BDP International has established two new joint ventures in the Middle East and India to service the needs of the rapidly expanding local chemical sectors

Dorf Ketal signs up Palmer Holland

US-based Palmer Holland has been appointed by Mumbai-headquartered Dorf Ketal Chemicals as one of its top distributors

Balmer Lawrie enjoys bumper year

India’s Balmer Lawrie (BL), a diversified government-owned enterprise and the country’s largest producer of steel drums, has announced a fiscal 2008 gross turnover of R 15.76bn ($367m),

A lick of paint

COATINGS Coatings makers are seeing strong financial results as they secure record-setting contracts and reach out to new markets. Product development centres on enhancing the ability of coatings to achieve the environmental performance targets set by regulators and vessel operators

Subcontinent steel drum blues

MARKETS Despite India's rapid economic growth, the country's steel drum sector is faced with stiff competition from rival packaging systems, high raw materials prices and significant overcapacity

UTEC adds pentaerythrytol

US-based UTEC has entered into a new agreement with "a major chemical supplier in India" to distribute pentaerythrytol in Latin America

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