Published on November 3, 2014
Decontrol policy of government has been major concern for the Fertilizer industry in last few months. Natural gas prices have been hiked from USD 2.43 to USD 4.2. With this increased prices, government on other side has decided to reduce its subsidy for the urea manufacturers. Production of urea has become a difficult task for the manufacturers. Already burdened with increased gas prices and now reduction in subsidy has been huge setback. Government need to come up with some affirmative and posi ..
Published on October 20, 2014
Indian fertilizer industry has slightly improved marginally post monsoon. Although consumption has decreased a little in this year due to irregular and inconsistent monsoon throughout India. According to research conducted by ICRA, many regions of north India, which is known for 100% crop output, has declared to be drought hit area. This belt includes parts of Punjab, Haryana, Bihar and several other districts of UP. The industry expected healthy growth of 5-7% this year. Further the industry is ..
Published on October 20, 2014
After the long slowdown in the demand of plywood sector, September month brought new hope for laminate companies. Report said that in the month of September demand for laminates had improved on the line of positive sentiment. Source said that companies achieved its sales target of second quarter due to improved demand in last month of quarter. In the month of September demand was higher due to festive season such as Ganesh festival and Navratras etc as customer asked material for renovation wor ..
Published on October 20, 2014
Industry analysts said that due to current market position and fall in raw material prices market players are planning to lessen the prices for dyes and pigment. Further the trimming of prices will be done mainly for those chemicals which are primarily used as raw materials in the coatings and paints as well as in the printing and plastics industries. They added that dyes and pigment market has got an immense potential as emerging current market is escalating with rapid pace in India Source sai ..
Published on October 20, 2014
By the year 2020 Indian cosmetic market is all set to expand to USD 2.5 billion, however at present it is estimated to be USD 950 million and around 40% of cosmetics that are being sold in India are imported from other countries, according to the researched report. Moreover in the South East Asian region, India becomes one of the first countries to ban the cosmetic products which are begin tested on animals after the country had announced the ban on the cosmetics that were used to test on t ..
Published on October 13, 2014
Textile ministry said that they have received several applications for new textile parks in the country. They said that they are planning and will complete that as soon as possible to benefit the industry. According to Ministry they are planning to schedule a meeting of textile ministers of all states in end of September for forming new textile policies. Industry sources said that textile players are looking for major improvement in the market in the coming months before coming festive seasons. ..
Published on October 13, 2014
Crude prices continue to doom in international market. Last week crude prices closed at $85.82/bbl and Brent at $90.21/bbl. Plummeting of crude prices by more than $15 in span 4 months and has affected the global market for all the petrochemicals. Prices of all the petroleum by-products have slashed significantly in recent weeks. The polyester no more remains unaffected by this change. It has been trying to adjust in the changing scenario but could not hold its prices. Slowdown in the Par ..
Published on October 13, 2014
In the second quarter of this fiscal year, most of the traders expect the pharmaceutical industries to post vigorous top-line growth and recover profitability, which is driven by a sturdy growth in the country. Moreover, steady growth in India was noted due to rise in prices for certain products and for the July to September, 2014 period, the traders expect robust growth of 22% in EBITDA and 18% in revenues and their coverage universe that is driven by ramp-up in the US. According to the indust ..
Published on October 13, 2014
Recently number of factors are driving the growth of the paint and coating industry in India. Indian Paint and coating sector is having immense growth potential and from this growth manufacturers will gain benefit. Currently market players are looking for the lighter weight coating system and faster product drying times to beat the competition in the market. According to the industry experts, weak crude and Indonesian foray adds colour to Asian Paints. The fall in crude oil prices ..
Published on September 29, 2014
Petrochemical industry of India is in discussion with government to prepare a “negative” list of free-duty imports of finished plastic goods that are affecting the profit margin of country’s domestic producers, as said by industry sources. They said that domestic producers are not able to compete this market due to imposition duty on finished plastic products. Industry news said that Indian government is studying about free duty imports on a number of plastic products from Tha ..
