The Net Sales of the company has jumped 41.41 % to Rs. 154.39 crore as against Rs. 109.17 crore for the same period last year. The Profit After Tax has increased 33% to Rs. 18.07 crore over Rs. 13.59 crore in the previous year.

The Earning Per Share is Rs. 21.89 as compared to Rs. 17.04 in the last financial year.

“The current set of numbers is consistent with our expectations and from here on our focus will be growth through CRAMS.” Said Mr. Hari Babu, Managing Director, Anu’s Laboratories Ltd.

The last Quarter of Financial Year 2007 - 08 has contributed Rs. 47.39 crore to the topline, 62 % over Rs. 29.24 crore for the fourth quarter of FY07

The company raised about Rs 80.22 cr through sale of 3.82 million shares in its initial public offering, which closed on May 15, to finance its expansion activities.

The company plans to utilize the IPO proceeds in order to diversify and expand its business activities by means of forward integration. The Company plans to expand its operations in Contract Research and Manufacturing (CRAM) by setting up a new plant for manufacturing of drug intermediates including Active Pharmaceutical Ingredients (APIs) at Vishakhapatnam.

The issue, which was oversubscribed by 8.43 times, constituted 31.63% of diluted post-issue capital of the company in April 2008. Shares of the company got listed at Rs 260, up Rs 50, or 23.81%.

Source: Press release distribution via India PRwire

About Anu’s Laboratories Ltd.

Anu`s Laboratories is a company engaged in the manufacturing of basic, advanced intermediates and fine chemicals and supplying them to various drug manufacturers. The Company exports to countries like Israel, Italy, Japan, France, USA and Singapore contributing 20 % to its turnover.

The manufacturing plants of are located at Chilakamarri Village, Shadnagar of Mehboobnagar district in Andhra Pradesh.

Marketed and sold under the Burdick& Jackson® brand name, Honeywell’s high-purity solvents are critical to the successful research, development and approval cycle of pharmaceuticals. Terms of the agreement were not disclosed.

"India is an important market for us as the pharmaceutical industry continues to experience tremendous growth,” said Robert Tupker, commercial director for Honeywell’s Specialty Chemicals business in Europe, Middle East, Africa and India. "This agreement will further help position us as a leader in providing a wide range of high-purity solvents for pharmaceutical companies worldwide.”

Vic Shah, director international sales for Loba Chemie, said both companies aim to reach a new standard of success in the high-quality chemicals market in India. “We believe there are a lot of untapped opportunities to be explored, especially in the booming pharmaceutical industry,” said Shah.

The annual growth rate of India’s pharmaceutical market is estimated to be 8 to 9 percent, according to various industry reports.

Major applications for Honeywell’s solvents include analytical instrumental analysis, such as high-performance liquid chromatography (HPLC), as well as pilot and full scale production of pharmaceuticals. Honeywell also offers reagents for DNA and RNA synthesis.

Honeywell manufactures its solvents at the company's Muskegon, Michigan and Seelze, Germany sites. Loba Chemie, based in Mumbai, has more than 350 distributors throughout India.

For more information, visit www.burdickandjackson.com or www.lobachemie.com.

Source: Press release distribution via India PRwire

Honeywell Specialty Materials, based in Morristown, N.J., is a $4.9 billion, global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining.

Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit www.honeywell.com.

22 students of various institutes form Delhi and Gurgaon were shortlisted for the excellence award. The leading institutes which participated in this prestigious event include –

1. Faculty of Architecture & Ekistics, Jamia Millia Islamia, New Delhi
2. Vastu Kala Academy, New Delhi
3. Department of Architecture, School of Planning and Architecture, New Delhi.
4. Exterior Interior [P] Ltd.New Delhi
5. Meerabai Polytecnic for women, Govt of NCT of Delhi, New Delhi.
6. Sushant School of Art & Architecture, Gurgaon
7. International Institute of Fashion Technology, New Delhi

Instituted in the year 2004, PAFE not only encourages the conceptualization and pioneering of innovative concepts, but helps ground students in accurate, “best” or desirable Architectural/Interior Design practices as well.

The award categories are Pidilite Award for Excellence in Architectural studies, Pidilite Award for Excellence in Interior Design studies, Pidilite Award for Best Design for Environmental Architecture or Ecological Architecture and Pidilite Award for Best Design on Optimum Space Utilization.

Mr. B.O. Mehta, President, Pidilite Industries Limited said, “The award, which today is in its fourth year, is highly appreciated by students and has built healthy competitive spirit amongst them. It motivates aspiring architects and interior designers to perform well and take pride in doing good work”.

PAFE awards are held in various parts of India and encourage participation from several architecture and interior design based institutions. Pidilite has developed excellent association with Architectural and Interior Designing institutes, and organizes a variety of interactive meets, sponsorships and various programmes and product demonstrations for architects and interior designers on a regular basis throughout the year.

Source: Press release distribution via India PRwire

About Pidilite Industries Ltd.

Pidilite Industries Limited has been a pioneer in consumer and specialties chemicals in India. Over two-third of the company’s sale come from products and segments it has pioneered in India. Its product range includes Adhesives and Sealants, Construction and Paint Chemicals, Automotive Chemicals, Art Materials, Industrial Adhesives, Industrial and Textile Resins and Organic Pigments and Preparations. Most of the products have been developed through strong in-house R&D. Pidilite is also growing its international presence through acquisitions and setting up manufacturing facilities and sales offices in important regions around the world. Fevicol is now the largest selling adhesives brand in Asia.

According to Mr. Potdar, Executive Director, Excel Industries Limited:- "Excel selected the Oracle solution looking at its strong functionality in Process Manufacturing, Distribution and Financials. The objective of the implementation program entitled “Project Nishchay” was to integrate the widely scattered operations of the Company and to bring them under a unified best practices driven solution. We selected Blue Star Infotech to implement the solution based on their diverse experience in implementing and managing ERP solutions across an array of manufacturing typologies and their vast repository of Oracle implementation artifacts. Oracle Manufacturing, Oracle Purchasing, Oracle Order Management and Oracle Financials were implemented by Blue Star Infotech in the stipulated time. The implementation phase is now over and the process of stabilization is on and the new way of working has resulted in bringing increased discipline and standardization of business processes. Post stabilization, this will surely create a platform for building on the best practices to leverage information for decision making."

According to Satish Gaonkar, Vice President, Consulting Services Practice of BSI :- “Our consistent track record of successfully implementing the Oracle E-Business Suite for a number of leading manufacturing and services companies in India such as The Indian Card Clothing Co. and Privi Organics enables us to offer a comprehensive and attractive value proposition to our customers and exceed their expectations post-implementation. Our best-practices-based implementation methodologies coupled with our strong relationship with Oracle significantly reduce the risks associated with large system implementations”.

Source: Press release distribution via India PRwire

About Blue Star Infotech

Part of the US$600M Blue Star Group, Blue Star Infotech provides profit-enhancing solutions to enterprises and product companies. Founded in 1983, it is headquartered in Mumbai, India, with operations in India, USA, Japan and UK. BSI is the winner of Oracle’s Customer Centricity award for India in 2007.

BSI provides a host of ERP implementation services, IT Services and Enterprise solutions to the Indian market and its customers include companies such as Raymonds, Cipla, Havells India, Samsonite India, United Breweries and Robert Bosch. On a global front, BSI provides Product Engineering Services and Travel & Hospitality Services. Its premier customers include Hewlett-Packard, Costco Travels, Planview and Hitachi Medical Corporation.

About Excel Industries

Excel Industries has been a pioneer in the chemical industry and specializes in sectors like Agrochemical intermediates, Specialty Chemicals, Polymer additives, Pharma inputs, biocides and biotechnology. It has three plants, five warehouses and inward and outward job working situations. The business includes products, services and technologies. The Sales turnover exceeds Rs. 200 crores and exports are about 25 %. The people strength exceeds 1000.

Dr. Fixit Heatshield, the latest product from Pidilite reduces internal temperature of a structure by reflecting most of the solar heat (75%) back into the atmosphere. It forms a very high, heat resistant barrier with ultra-violet protection.

The use of Dr. Fixit Heatshield can cut electricity bills for air-conditioning and air coolers substantially. It can be applied on a wide variety of roofs or exposed surfaces such as concrete, asbestos and metal where heat build-up is extensive. The major benefit of using Heatshield is low thermal conductivity. It can withstand prolonged exposure to solar radiation and intense heat.

“The new and effective Dr. Fixit Heatshield is designed for the Indian climate, and can withstand extreme heat and provide protection against Ultra Violet and Infra Red radiation. It is recommended for all residential, commercial buildings and industrial units.” said Mr. Jairaj Hegde, Chief Sales & Marketing of Construction Chemicals Division, Pidilite Industries Ltd.

Heatshield contains no organic solvents or toxic materials and is therefore, an environment-friendly product that has been awarded the “Green Label Product” certificate from Singapore Environment Council. It has been successfully used in Singapore and Dubai and now introduced in India.

Source: Press release distribution via India PRwire

About Pidilite Industries Ltd

Pidilite has been a pioneer in consumer and specialties chemicals in India. Over two-third of the company’s sale come from products and segments it has pioneered in India. Its product range includes Adhesives and Sealants, Construction and Paint Chemicals, Automotive Chemicals, Art Materials, Industrial Adhesives, Industrial and Textile Resins and Organic Pigments and Preparations. Most of the products have been developed through strong in-house R&D. Pidilite is also growing its international presence through acquisitions and setting up manufacturing facilities and sales offices in important regions around the world. Fevicol is now the largest selling adhesives brand in Asia.

About Construction Chemical Division

Construction Chemicals Division of Pidilite offers a wide range of applications such as Waterproofing, Repair Solutions for existing structures and Tile Fixing

Solutions. Also it offers host of other applications like Exterior Coatings, Sealants, Concrete Admixtures, Floorings and Grouts to satisfy all construction related problems. Its offerings come under two brands – Dr. Fixit which provides predominately Waterproofing Solutions, and Roff which offers Tile Fixing Solutions - a modern way of fixing tiles.

Pidilite is dominant player in Construction Chemical Industry and the Market Leader in Retail Segment. Hitherto, the competitors were focusing only on projects. But Pidilite has changed the Industry Paradigm when it forayed in Retail segment. This step ensured that latest in Construction Chemical technology was made available to the common man. The company further enhanced its Customer Centric Policies by being the first in the industry to start an in-house Technical Services Cell, which assists customers in diagnosing the problem and selecting the right product.

All these effort are supported by Cutting Edge R&D centers (in India & Singapore), manned by an excellent pool of professionals and state-of-the-art Manufacturing Facilities at 6 numbers of locations.

Some of the prestigious projects undertaken by Dr. Fixit based on the guiding philosophy of “Healthy Construction” are Fortis Hospital (Noida), DLF IT Park (Chennai), The Pan Pacific (Singapore), World Trade Centre and Discovery Garden (Dubai).

Dr. Fixit Heatshield, the latest product from Pidilite reduces internal temperature of a structure by reflecting most of the solar heat (75%) back into the atmosphere. It forms a very high, heat resistant barrier with ultra-violet protection.

The use of Dr. Fixit Heatshield can cut electricity bills for air-conditioning and air coolers substantially. It can be applied on a wide variety of roofs or exposed surfaces such as concrete, asbestos and metal where heat build-up is extensive. The major benefit of using Heatshield is low thermal conductivity. It can withstand prolonged exposure to solar radiation and intense heat.

“The new and effective Dr. Fixit Heatshield is designed for the Indian climate, and can withstand extreme heat and provide protection against Ultra Violet and Infra Red radiation. It is recommended for all residential, commercial buildings and industrial units.” said Mr. Jairaj Hegde, Chief Sales & Marketing of Construction Chemicals Division, Pidilite Industries Ltd.

Heatshield contains no organic solvents or toxic materials and is therefore, an environment-friendly product that has been awarded the “Green Label Product” certificate from Singapore Environment Council. It has been successfully used in Singapore and Dubai and now introduced in India.

Source: Press release distribution via India PRwire

About Pidilite Industries Ltd

Pidilite has been a pioneer in consumer and specialties chemicals in India. Over two-third of the company’s sale come from products and segments it has pioneered in India. Its product range includes Adhesives and Sealants, Construction and Paint Chemicals, Automotive Chemicals, Art Materials, Industrial Adhesives, Industrial and Textile Resins and Organic Pigments and Preparations. Most of the products have been developed through strong in-house R&D. Pidilite is also growing its international presence through acquisitions and setting up manufacturing facilities and sales offices in important regions around the world. Fevicol is now the largest selling adhesives brand in Asia.

About Construction Chemical Division

Construction Chemicals Division of Pidilite offers a wide range of applications such as Waterproofing, Repair Solutions for existing structures and Tile Fixing

Solutions. Also it offers host of other applications like Exterior Coatings, Sealants, Concrete Admixtures, Floorings and Grouts to satisfy all construction related problems. Its offerings come under two brands – Dr. Fixit which provides predominately Waterproofing Solutions, and Roff which offers Tile Fixing Solutions - a modern way of fixing tiles.

Pidilite is dominant player in Construction Chemical Industry and the Market Leader in Retail Segment. Hitherto, the competitors were focusing only on projects. But Pidilite has changed the Industry Paradigm when it forayed in Retail segment. This step ensured that latest in Construction Chemical technology was made available to the common man. The company further enhanced its Customer Centric Policies by being the first in the industry to start an in-house Technical Services Cell, which assists customers in diagnosing the problem and selecting the right product.

All these effort are supported by Cutting Edge R&D centers (in India & Singapore), manned by an excellent pool of professionals and state-of-the-art Manufacturing Facilities at 6 numbers of locations.

Some of the prestigious projects undertaken by Dr. Fixit based on the guiding philosophy of “Healthy Construction” are Fortis Hospital (Noida), DLF IT Park (Chennai), The Pan Pacific (Singapore), World Trade Centre and Discovery Garden (Dubai).

Anu’s Laboratories Ltd was incorporated in 1996 for manufacture of Bulk Active Pharma Ingredients and Intermediates for drug molecules and was promoted by Mr. K. Hari Babu. Mr. N.S. Walimbe joined as co-promoter in 1997. The present manufacturing plant of Anu’s Laboratories Limited is located at Chilakamarri Village, Shadnagar of Mehboobnagar district in Andhra Pradesh. The Company is engaged in manufacture of Basic & Advanced Intermediates and fine chemicals and is presently having manufacturing facilities for key intermediates like 2,4-Dichloro-5-Fluoro Acetophenone (DCFA) (an intermediate for synthesizing quinolone antibiotics like ciprofloxacin); Chlorohexanone (key intermediate in the manufacture of cardio vascular medicine) and Methyl-4 (4-Chloro 1 oxo butane) a, a Di-Methyl Acetate (an intermediate in the manufacture of Fexofenadine an anti allergic drug)..

The Company had started export of its products in the year 2002 to Israel followed by exports to other countries like Italy, Japan, France, USA and Singapore. Currently, its exports comprise of 19.97% of its total turnover.

The Company’s total income during the Financial Year ended March 31, 2007 was Rs. 12,129.52 lakhs as against Rs. 9,533.93 lakhs in the Financial Year ended March 31, 2006 and the net profit during the corresponding period was Rs 1,359.15 lakhs against Rs. 557.25 lakhs respectively. The total income and the net profit for the nine months period ended December 31, 2007 were Rs. 11,382.26 lakhs and Rs. 1,312.36 lakhs respectively.

In order to diversify and expand its business activities by means of forward integration, the Company has decided to expand its operations by setting up a new plant for manufacturing of drug intermediates including Active Pharmaceutical Ingredients (APIs) at Vishakhapatnam at an estimated cost of Rs. 55.09 crores and setting up a pilot plant for carrying out Contract Research and Manufacturing (CRAM) at Vishakhapatnam at an estimated cost of Rs. 8.34 crores. The long term working capital requirements would be Rs. 16.67 crores. The Company plans to meet the aforesaid objects by means of issue proceeds and internal accruals.

Source: Press release distribution via India PRwire

About Anu's Laboratory

Anu’s Laboratories Limited is proposing, subject to market conditions and other considerations, a public issue of the equity shares and has filed the Red Herring Prospectus with Registrar of Companies (ROC), Hyderabad. The Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.almondzglobal.com and the website of the Company at wwwanulabs.com.

This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any equity shares, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

The Equity Shares have not been and will not be registered under the US Securities Act (“the Securities Act”) or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled “Risk Factors” of the Red Herring Prospectus, which has been filed with the Registrar of Companies.

During her tenure as an Administrative Officer, Smt. Sudha Anchalia has also focused on various training programs on diverse topics like, Personnel & General administration, Agriculture & Cooperation, Science & Technology, Finance, Environment & Forests from reputed institutions like IIM Ahmedabad, IIM Kolkata, IIFT Delhi, ASCI Hyderabad

Source: Press release distribution via India PRwire

EBIDTA for the fiscal stood at Rs 97 crore as against Rs 84 crore in the previous fiscal, registering a growth of 15%. For FY08, the EBITDA margin stood at 22.4% as against 19.6% in the previous year. The Basic EPS was recorded at Rs5.47.

The board of directors has recommended a dividend of 30% for FY08 on the post Bonus enlarged equity capital.

Commenting on the strong numbers posted for this fiscal, Mr. R.V. Kanoria, CMD, Kanoria Chemicals & Industries Limited said, “We are pleased to report an operationally good financial year. Even though we faced difficult market conditions during the year, our operating margins have improved indicating efficient operations. We were also able to maintain our interest costs despite rising rates in the last quarter of FY08. The net profit for the year increased by 56% in spite of higher incidence of deferred tax and depreciation.”

Editor’s Synopsis

Financial Highlights (FY08)

• Sales revenue at Rs 432 crore
• Net Profit at Rs 31 crore up 56%
• EBIDTA at Rs 97 crore, up 15%
• Operating margins up at 22.4% compared to 19.6% in FY07

Other Highlights

• KCI commissions expanded Caustic Soda Capacity

Operational Highlights

Capacity Expansion:

Kanoria Chemicals & Industries Limited (KCI), during the financial year announced commissioning of its second 110 TPD capacity Caustic Soda plant using the environment-friendly membrane cell technology. The company’s total manufacturing capacity of Caustic Soda now stands at 130,000 TPA.

The expansion of the membrane cell plant was the primary area of KCI’s expansion plan with an initial planned outlay of Rs150 crore. This expansion will also result in the increase in capacities of co-products -Liquid Chlorine and Hydrochloric Acid.

KCI is also setting up a Greenfield project at Vizag for manufacturing Pentaerythritol and other alcohol based intermediates. Land for the project has already been acquired and construction work is expected to begin during the first quarter of FY09.

Source: Press release distribution via India PRwire

About Kanoria Chemicals

Kanoria Chemicals & Industries Limited (KCI) (BSE:506525; NSE:KANORICHEM) is a leading manufacturer of chemical intermediates in India. KCI has two manufacturing facilities, one at Renukoot in Uttar Pradesh, which manufactures Caustic Soda, Chlorine and Chlorine derivatives including water treatment chemicals; and the second at Ankleshwar in Gujarat, which manufactures Alcohol based intermediates. KCI operates two 25MW thermal power plants in Renukoot, and enjoys cost advantage as a result of backward and forward integration. The company’s portfolio comprises of over twenty products, with a market leadership in six and substantial shares in all others. The company is recognized for its environment management practices. More information about the company is available at www.kanoriachem.com.

This expansion will also result in the increase in capacities of co-products -Liquid Chlorine and Hydrochloric Acid. Commenting upon the capacity expansion Mr.R.V.Kanoria, CMD, Kanoria Chemicals & Industries Limited said “We are pleased that our capacity expansion has been completed within the stipulated time period and estimated costs. The demand for caustic soda is growing with the increasing demand from paper, alumina processing, mining & mineral industries and is expected to rise further in view of large scale capacity increase in consumer industries especially alumina processing. The enhanced capacity of producing 130,000 TPA of caustic soda will strengthen our capabilities to cater to this increased demand.”

Source: Press release distribution via India PRwire

About Kanoria Chemicals

Kanoria Chemicals & Industries Limited (KCI) (BSE: 506525; NSE: KANORICHEM) is a leading manufacturer of chemical intermediates in India. KCI has two manufacturing facilities, one at Renukoot in Uttar Pradesh, which manufactures Caustic Soda, Chlorine and Chlorine derivatives including water treatment chemicals; and the second at Ankleshwar in Gujarat, which manufactures Alcohol based intermediates. KCI operates two 25MW thermal power plants in Renukoot, and enjoys cost advantage as a result of backward and forward integration. The company’s portfolio comprises of over twenty products, with a market leadership in six and substantial shares in all others. The company is recognized for its environment management practices. More information about the company is available at www.kanoriachem.com. FOR FURTHER INFORMATION PLEASE CONTACT: Mr. Asit Roy Kanoria Chemicals & Industries Limited Phone – 011-43579271 E-mail:- asit.roy@kanoriachem.com Mr. Saurabh Saxena/Mr. Jatin Khattar Adfactors PR Pvt. Ltd. +919810233370/+919810751243 saurabh.saxena@adfactorspr.com / jatin.khattar@adfactorspr.com

Sales for 2007 came in at EUR 6.61 billion, down 4.8 percent from the prior-year figure of EUR 6.94 billion. After adjusting for currency and portfolio effects of 9.8 percent, however, sales growth was 5.0 percent. The decline in sales resulted partly from the divestment of the Lustran Polymers business unit. The same applies to the drop in Group net income from EUR 197 million in 2006 to EUR 112 million last year, which was due primarily to the exceptional charges related to this divestment. “We withdrew from this highly cyclical business at exactly the right time,” commented Heitmann. “Lustran Polymers was heavily dependent on petrochemical raw materials, the prices of which were highly volatile. LANXESS can now present itself as a flexible and very solid specialty chemicals group at the core of the chemical industry with considerably increased earning power.” Net financial debt declined further from EUR 511 million to EUR 460 million.

Significant dividend increase

In light of the growth in earnings, LANXESS plans to significantly raise the dividend for 2007. “The fact that LANXESS is already able to pay a respectable dividend after only three years underscores our newly gained earning power. In this way we want our stockholders to tangibly participate in the company’s success,” said Heitmann. The Board of Management and the Supervisory Board of LANXESS AG will propose to the Annual Stockholders’ Meeting on May 29, 2008 that the dividend for 2007 be raised to EUR 1.00 per share, compared with the EUR 0.25 per share paid for 2006.

Outlook for 2008: continuing on a path of growth

“Our stated goal for 2008 is to achieve further growth based on our improved competitiveness,” said Heitmann, explaining that the soon-to be-completed acquisition of a majority interest in Brazilian company Petroflex should contribute to this. The acquisition, which is expected to close in the second quarter of 2008, will place LANXESS among the leading specialty chemicals companies and synthetic rubber producers in Latin America, too.

In light of the ongoing uncertainty regarding the effects of the U.S. subprime crisis, LANXESS anticipates regional differences in the pace of economic growth, with the slowdown in the United States likely to be offset by the growth momentum of customer industries in Asia, Latin America and eastern Europe. LANXESS continues to rigorously

implement its growth strategy, particularly in Asia. The company is currently embarked on growth projects with a total volume of up to EUR 800 million. In 2008, it plans to spend between EUR 330 million and EUR 350 million to replace or expand facilities.

LANXESS is again striving for operational sales growth in 2008 and remains confident that the earnings targets previously set for 2009 can now be achieved a year earlier. The Group’s EBITDA margin should be in line with the industry average in 2008, a year earlier than originally planned. All business units should generate an EBITDA margin pre

exceptional of more than 5 percent from 2008 onward. A further goal is to maintain the company’s investment grade rating.

This forecast is supported by the company’s good start to 2008, a year in which LANXESS has announced its intention to implement further selling price increases.

LANXESS will narrow its earnings guidance for 2008 when the first quarter results are published.

2007 business results by segment

In 2007 LANXESS significantly raised its central controlling parameter, EBITDA pre exceptionals, despite negative currency effects and the absence of earnings contributions from the divested business units. Over the year as a whole, LANXESS succeeded in passing along all raw material cost increases to customers.

The Performance Polymers segment, which combines LANXESS’s activities in the area of synthetic rubber and plastics production, achieved a continuously positive performance and was able to pass on what were in some cases sharp increases in raw material costs. Sales of the segment grew by 4.2 percent to EUR 2.68 billion (2006: EUR 2.57 billion) on the back of solid price and volume increases in all business units. EBITDA pre exceptionals advanced by approximately 11 percent to EUR 376 million (2006: EUR 340 million). Additional production capacities in the Butyl Rubber and Semi-Crystalline Products business units and the recomissioning of a production line in the Polybutadiene Rubber business unit met with good demand. The EBITDA margin pre exceptionals moved ahead by 0.8 percentage points to 14.0 (2006:13.2) percent.

The Advanced Intermediates segment registered solid demand in its Basic Chemicals and Fine Chemicals business units. Segment sales rose by 5.6 percent to EUR 1.20 billion (2006: EUR 1.14 billion). The Basic Chemicals business unit posted strong growth in volumes in the agricultural and other businesses, and raised prices slightly. In the Saltigo business unit, pharmaceutical and agrochemical intermediates showed the strongest growth. The realignment initiated there had a positive impact on earnings. EBITDA pre exceptionals came in at the previous year’s high level of at EUR 174 million. The corresponding segment margin fell only slightly, dipping by 0.8 percentage points to

14.5 percent.

Earnings in Performance Chemicals improved significantly on the strength of the portfolio adjustments. Sales in this segment were down 10.7 percent from the prior year, to EUR 1.97 billion (2006: EUR 2.20 billion), because of portfolio changes and negative currency effects. Adjusted for the 3.2 percent negative currency effects and a 9.7 percent decrease due to the divestment of the Paper and Textile Processing Chemicals business units, sales rose 2.2 percent year on year. The Leather and RheinChemie business units benefited from a favorable market environment in the Asia-Pacific region. The Inorganic Pigments business unit recorded pleasing sales growth in the EMEA region, especially in central and eastern Europe. This made up for the lower demand from the U.S. construction industry. EBITDA pre exceptionals for the Performance Chemicals segment edged down by 2.1 percent to EUR 285 million (2006: EUR 291 million), reflecting the absence of earnings contributions from the divested Textile Processing Chemicals business unit. By contrast, the EBITDA margin pre exceptionals showed a tangible increase of 1.3 percentage points to 14.5 percent following this divestment and operational improvements in the segment.

Reporting for the Engineering Plastics segment will be discontinued after 2007. The last remaining business unit in that segment, Lustran Polymers, was placed into INEOS ABS, a company formed together with INEOS, and accordingly deconsolidated effective September 30, 2007. The business operations of the new company are managed by

INEOS.

Fourth quarter 2007 results

LANXESS recorded operational business growth in all segments in the fourth quarter of 2007. Sales, at EUR 1.47 billion (2006: EUR 1.67 billion), showed a 12.1 percent decline. After adjusting for currency and portfolio effects, however, sales growth was 7.6 percent. EBITDA pre exceptionals climbed by 8.6 percent to EUR 114 million (2006: EUR 105 million).

Table (EUR million, changes in percent)

Q4

2006

Q4

2007

CHANGE

FULL YEAR 2006

FULL YEAR 2007

CHANGE

Sales

1,666

1,465

-12.1

6,944

6,608

-4.8

EBIT

39

5

-87.2

376

215

-42.8

EBIT pre exceptional

38

51

+34.2

421

472

+12.1

EBITDA

113

67

-40.7

638

513

-19.6

EBITDA pre exceptional

105

114

+8.6

675

719

+6.5

Net Income

2

5

+150.0

197

112

-43.1

Source: Press release distribution via India PRwire

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found on http://press.lanxess.com

LANXESS India Private Limited - one of the leading Specialty chemicals Company believes that events on International Women’s Day are important, because they encourage women to rediscover themselves and celebrate their inherent strength. This is essential in building and developing a sense of place, community and belonging. It's not just about sheer beauty but about the development of the whole person, and about the realisation of women as an important asset and contributor to society. LANXESS India Private Limited therefore celebrated International Women’s Day.

Women hold up half the sky and their importance to society has been exemplified by their changing role in the modern work environment and Corporates are waking up to take notice of this fact. This is where the beauty of The Modern Woman lies. To celebrate the essence of womanhood, International Women’s Day is celebrated all over the World on 8th March.

Source: Press release distribution via India PRwire

About LANXESS

LANXESS AG is a leader in specialty chemicals with 2006 sales of EUR 6.94 billion and around 14,500 employees in 21 countries. The company is represented at 47 production sites worldwide. The core business of LANXESS is the development, manufacture and sale of specialty chemicals, plastics, rubber and intermediates.

LANXESS India Private Ltd, the Indian subsidiary of LANXESS AG, has its offices in Delhi, Chennai and Madurai. It is a leading supplier of Performance Polymers, Advanced intermediates and Performance Chemicals. Operating from its registered office in Thane, Mumbai, the core business of LANXESS India is the development, manufacture and sale of specialty chemicals for plastics, rubber, leather, pharmaceuticals, coloring, surface coating, water treatment and crop protection.

Highest commitment to people and environment safety has earned LANXESS a place in the CARBON LEADERS EUROPE INDEX that was recently released by Merril Lynch. Only three German Manufacturing companies included in the Index are BMW, LANXESS and Solarworld. Carbon leaders are companies that use carbon energy efficiently and have the lowest carbon emissions in their sector.

A gamut of activities and programs with the participation and involvement of employees and a wide cross section of people marked the observance of SAFETY WEEK this year.

Talking about the event Dr Joerg Strassburger, MD and Country Representative, LANXESS India said “ The objective of observing National Safety Week is to generate awareness amongst employees about the high safety standards practiced by LANXESS. As a global chemical leader safety within the plant and environment protecting technologies and systems is an integral part of all our initiatives. We not only practice safety and environment protection procedures but also believe that a corporate can make healthy profits by complying with these requirements and in turn better its image and reputation. This National Safety Week will educate our employees about safety issues and vigorously promote the goal of making the environment increasingly safe for them.”

To spread the safety awareness, various programs and activities are taken up by LANXESS India Private Limited. Inauguration of this National Safety Week was done today, by Flag hoisting, Safety Message by the Director – RUC, Administering the Safety Pledge in English and Marathi, presentation of Safety Memento and showcasing the Safety Posters Exhibition prepared by the LANXESS employees. The Safety Banners/ Posters were displayed at prominent places in the factory. Various competitions like ‘What Went Wrong – Case Study, First Aid and Safety Quiz’ were conducted amongst the employees of LANXESS India. The Safety Week Celebrations will go on till March 10, 2008.

Source: Press release distribution via India PRwire

About LANXESS

LANXESS AG is a leader in specialty chemicals with 2006 sales of EUR 6.94 billion and around 14,500 employees in 21 countries. The company is represented at 47 production sites worldwide. The core business of LANXESS is the development, manufacture and sale of specialty chemicals, plastics, rubber and intermediates.

LANXESS India Private Ltd, the Indian subsidiary of LANXESS AG, has its offices in Delhi, Chennai and Madurai. It is a leading supplier of Performance Polymers, Advanced intermediates and Performance Chemicals. Operating from its registered office in Thane, Mumbai, the core business of LANXESS India is the development, manufacture and sale of specialty chemicals for plastics, rubber, leather, pharmaceuticals, coloring, surface coating, water treatment and crop protection.

http://www.lanxess.in/

By setting up this new plant of 100 KT per year of butyl in Singapore, LANXESS is responding to the future global demand of butyl rubber. The boom in India and the Asia as an economic region has fitted perfectly to the LANXESS global strategy for long term sustainable growth. It has demonstrated LANXESS’s strong commitment to Asia by choosing Singapore as the site for this new project. Indian tire industry is expected to grow at average 7% per annum. Indian Customers will benefit from the technologically advanced production site, which allows LANXESS to serve them with state of the art products at efficient levels.

The new chemical facility will produce butyl and halobutyl, synthetic rubbers that are used in the production of tires. “By setting up this new location in Singapore, LANXESS is responding to the significant growth in global demand for butyl rubber,” said Chairman of the LANXESS Board of Management Axel C. Heitmann at an international press conference in Singapore.

“The boom in Asia as an economic region is playing a particularly important role in this,” added Heitmann. Market analyses confirm that the global market for butyl rubber will rise steadily in the coming years. Growth is most pronounced in China, where it corresponds to six percent annually, and in India, where it is more than eight percent. “With the new capacities, we will consolidate the good market position we already occupy,” said Heitmann.

LANXESS began evaluating potential locations in Malaysia, Thailand and Singapore in June 2007. The Asian city state won over the competition from Malaysia and Thailand due to its excellent infrastructure, large sea port, and very good raw materials supply. Additional arguments in favor of Singapore were the highly qualified specialists and logistics arrangements.

“Our new site in Singapore is the world’s first new facility for butyl rubber to be built since the beginning of the new millennium,” said Heitmann. The JTC Corporation, an authorized agent of the Singapore Ministry for Trade and Industry, has offered LANXESS attractive terms for the site on Jurong Island that covers approximately 20,000 square meters. Construction will start at the beginning of 2009, with 150 engineers and around 1,500 workmen to be employed on the building site. The facility is scheduled to start production in 2011. Some 10 to 15 percent of the construction expenditures are expected to go into installing pioneering environmental technologies.

Source: Press release distribution via India PRwire

Already today, LANXESS is a global market leader in the synthetic rubber business. In the past two years, LANXESS significantly expanded its production rubber facilities in Zwijndrecht, Belgium, and Sarnia, Canada. The Singapore site will complete the global production network. In combination with the completion of the latest expansion phase in Sarnia, the company will have an annual capacity totaling 280,000 metric tons of butyl rubber in 2010.

Up until now, LANXESS’s representation in Singapore has comprised a sales center with more than 70 staff. The record investment at the new production site in the Jurong Island Chemical Park will create more than 200 new highly-skilled jobs. In addition, future sales activities for this important region for LANXESS will be directed from Singapore. The global headquarters of the Butyl Rubber business unit is in Switzerland.

In addition to regular butyl rubber, halogenated products, particularly bromobutyl rubber, are becoming increasingly important. Tire inner liners – the innermost, air- and humidity-impermeable layer of a tubeless tire – are the major area of application for halobutyl rubber. They keep tire pressure constant over a long period. This makes vehicles safer and ensures they consume less fuel and therefore produce fewer harmful emissions. Market growth is being accelerated in particular by the expansion of radial tire production in Asia.

The Butyl Rubber business unit is worldwide one of the leading producers of synthetic rubber, with annual sales of over EUR 500 million, and is part of the Performance Polymers segment. The segment recorded sales of EUR 1,996 million in the first nine months of 2007. LANXESS is a leading specialty chemical company, with sales of EUR 6.94 billion in 2006 and approximately 14,500 employees in 21 countries around the world. The company has operations at 47 sites worldwide. LANXESS’s core business comprises the development, manufacture and sale of specialty chemicals, plastics, rubber and intermediates.

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found on http://press.lanxess.com

The acquisition, which is subject to customary due diligence, documentation and compliances with the applicable regulations/approvals, will strengthen Kemrock’s growing reputation as Asia’s leading composites manufacturer, employing all the major process technologies. During the resultant period of close association between the two companies, Kemrock will integrate Top Glass’ world renowned technical capabilities in the field of pultrusion (a process for manufacturing composite materials).

Mr. Kalpesh Patel, Chairman and Managing Director of Kemrock, said, “The prospect of acquiring a majority stake in Top Glass is a significant development for Kemrock as it signals a major step forward in the technical competence of pultruded products now available to the Indian and Asian composites market. We now have the capability of serving our basic industries in the manner that European and North American users have enjoyed over the past few years.”

Mr. Alfonso Branca, Managing Director of Top Glass, who will continue as Partner and Managing Director, meantime foresees “significant advantage for the Top Glass activity in Europe.” He adds, “Top Glass will remain an autonomous entity and with the backing of Kemrock, our specialist team will grow to enable us to offer a more complete composites solution to our customers worldwide. This will be a unique service we will provide.”

Kemrock had partnered with Top Glass for the production of centrifugally cast composites lighting poles for the Indian market during the summer of 2006. It began production in 2007, and partnered with Bajaj Electricals Engineering and Business Unit, an undisputed leader and pioneer in the field of high mast lighting poles, to market the poles in the Indian market.

Source: Press release distribution via India PRwire

About Kemrock

Kemrock has created possibly the world’s most comprehensive and integrated FRP composite manufacturing facilities. With Composites being well accepted as the new age material, the growth of the composites industry globally has been exponential. Kemrock, with its global scale facilities is well established in the global markets. At Kemrock’s 250 acres Vadodara campus, a Global Composite Village™ has been created that offers users and specifiers a complete composites solution. Utilising Kemrock’s in-house manufactured unsaturated polyester, vinyl ester, epoxy and phenolic resins, manufactured in collaboration with Georgia-Pacific, USA reinforced with Kemrock’s own multiaxial technical fabrics, composite products are manufactured using the key composites production technologies.

Kemrock is unique in the range of composites products and services it provides to its customers in over 50 countries worldwide from its campus 30km east of Vadodara. Its modern manufacturing facilities are spread over 10,00,000 sq feet (1,00,000 sq mtrs) on a 85,00,000 square feet (8,50,000 sq mtrs) estate. It has strategic, technical and manufacturing alliances with world leaders in composite industry; more such alliances in the pipeline. It has a comprehensive product range comprising FRP/GRP Composites and Resins (FRP/GRP Cable Trays, FRP/GRP Cable Trays Accessories, Moulded Gratings, Pultruded Gratings, Pultruded Profiles, FRP/GRP Electric Poles, GRP/FRP HandRail Systems, FRP/GRP Pallets, SMC Products India, FRP/GRP WTG Components, GRP/FRP ladder System, GRP/FRP Pultruded Profile, US Coast guard approved Gratings, GRP/FRP Product Exporter, FRP Cable Management Systems, Cable Tray Manufacturer, Cable Tray System India). It owns modern technology centre with well integrated design facility to provide comprehensive composite solution. The centre covers prototyping testing, product development and enhancement facilities. It has won the PLEXCONCIL - Export Award, first position (FRP / GRP products) for two consecutive years (2004-2005 and 2005-2006).

About Top Glass

Also present on the occasion were Shri Arvind Mehta, President PLASTINDIA Foundation (PF); Shri Mahendra Patel, Chairman National Executive Council (PF); Shri Nikhil Meswani, Chairman, National Advisory Board (PF) and Shri Amar Seth, Vice President (PF).

PLASTINDIA 2009, the 7th International Plastics Exhibition will be held from 4 th to 9 th February 2009 at Pragati Maidan, New Delhi. PLASTINDIA Foundation is the apex body of major associations, organizations and institutions, including Government & semi government organizations associated with plastics. The Foundation's main objective is to promote the development and growth of the Indian Plastics Industry in India and is dedicated to national progress through plastics.

PLASTINDIA 2009 will probably surpass the splendor and achievements of its previous version" said Shri Bhavarlal Jain, the industrialist to pioneer drip water irrigation revolution in India, speaking on the occasion. "I commend the initiatives of Plastindia Foundation, in positioning the Indian Plastics Industry favourably to the world, while compelling the world to have a closer look at the Indian plastics market. The sustained developmental role played by PLASTINDIA Foundation, should ensure that PLASTINDIA 2009 will be bigger and better than what the Industry witnessed in 2006. With an assured participation from giants in the plastics industry, both nationally and internationally, I recommend Indian entrepreneurs to draw on this opportunity to expand their vision and meet the challenges the Industry has on hand."

In his welcome address, Shri Arvind Mehta, President of the PLASTINDIA Foundation said, " One of the key goals of the Foundation is to facilitate Export Led Growth of the Indian Plastic Industry with a view to double the plastic processing capacity and consumption by 2010. PLASTINDIA Foundation would remain focused on exhibitions & conferences as the main platform for bringing together domestic as well as global business in the plastics industry, thereby projecting and promoting the capabilities of Indian Plastic Industry. This would lead to establishing India as a major sourcing hub for the world in the field of plastics. I look forward to the Indian Plastic Industry seize the opportunity PLASTINDIA 2009 will provide".

Elaborating this view, Shri Mahendra Patel, Chairman National Executive Council, Plastindia Foundation, said, " PLASTINDIA 2009 will showcase innovations, opportunities and much more under one roof. It promises to be the most fruitful, useful, relevant and appropriate exhibition of the Plastics Industry, by the Plastics industry, for the Plastics Industry. Make sure that you are here, because, the future of plastics is here".

In his keynote address, Shri Nikhil Meswani, Chairman, National Advisory Board, Plastindia Foundation, said that "the Indian Plastics Industry has moved from simple processing to manufacturing of specialty and high performance products. The Indian Industry has the capability to become an export hub for articles of plastics. This is a tribute to the indomitable spirit of India's entrepreneurs."

Shri B. P. Pandey, (Joint Secretary, Department of Chemical & Petrochemicals, Ministry of Chemicals & Fertilizers, Government of India), said that "over the years PLASTINDIA has become a destination and a date for global players in the Plastics Industry, to study the progress in Indian markets, and a much awaited occasion for the Indian payers in the plastics Industry to demonstrate their competencies in meeting demands from emerging markets".

Plastindia 2009 promotional film was screened during the occasion, which highlighted excerpts from previous exhibitions an revealed what is in store in the coming exhibition.

The six day mega event, PLASTINDIA 2009 will bring together under one roof major global and Indian Plastics Industry innovators. The exhibition and conference will reveal the cutting edge technological developments, equipments and products. PLASTINDIA 2009 takes further the innovations from the earlier version, in that; it will concurrently host Prop last 2009 and an International Conference to draw the attention of the entire business fraternity. Eminent academicians, consultants, professionals, technocrats, research scientists and industry experts will participate and share their views during various seminars .

The previous exhibitions organized by the PLASTINDIA Foundation, have already established India as a desired destination to the global plastics industry players as well as depicting the eagerness of Indian entrepreneurs to absorb and deliver to the growing market demands. Every exhibition organized by the PLASTINDIA Foundation have bettered the previous one and grown to become a much sought after event, both nationally and internationally.

Source: Press release distribution via India PRwire

THE PLASTINDIA FOUNDATION :

PLASTINDIA FOUNDATION is the Apex body of major Associations, Organizations, and Institutions associated with plastics, with common objectives to promote the development of the plastics industry and to assist the growth of plastics and related materials and their products. The FOUNDATION is dedicated to the national progress through plastics. Its vision is to support and encourage development of Institutions committed to education and research with emphasis on achieving the highest standards of quality in plastics products and developing effective techniques for their recycling, besides building awareness of the contribution made by plastics to society and the environment.

EBITDA for Q3FY08 stood at Rs 25.17 crore showing a rise of 10% as compared to Rs22.88 crore for Q3FY07. The operating margins for Q3FY08 stood at 22.7% as against 19.8% in Q3FY07.

Net revenue of 9MFY08 stood at Rs 320.13 crore up 0.5% as compared to the corresponding period last fiscal. Net profit at Rs 27.44 crore for 9MFY08 has also shown strong growth as compared to Rs 14.06 crore for the corresponding period last year. EBIDTA for 9MFY08 stood at Rs 79.73 crore, a 34.5% jump over the same recorded in the previous period.

Commenting on the strong numbers posted for Q3FY08, Mr. R.V. Kanoria, CMD, Kanoria Chemicals & Industries Limited said, “We are pleased with the performance of the company in the three quarters of fiscal 2007-08. Our expansions activities are on schedule and we expect to complete our Caustic Soda project by the end of this quarter. We have maintained our strong growth trajectory and the results are in line with our internal objectives.”

Operational Highlights

Vizag Plant

KCI announced setting up a new integrated Alco chemical complex at Vizag to manufacture Pentaerythritol, a chemical extensively used in manufacturing of paints. It will also manufacture formaldehyde, acetaldehyde, hexamine, ethyl acetate and acetic acid.

The project will help KCI in consolidating its leadership position in the Alco Chemicals segment in India. The capacity addition would meet enhanced demand of the paints and other user industries. The location at Vizag is of importance. Being located near the seaport it would enable the company to manage its international trades more economically.

Source: Press release distribution via India PRwire

About Kanoria Chemicals

Kanoria Chemicals & Industries Limited (KCI) (BSE:506525; NSE:KANORICHEM) is a leading manufacturer of chemical intermediates in India. KCI has two manufacturing facilities, one at Renukoot in Uttar Pradesh, which manufactures Caustic Soda, Chlorine and Chlorine derivatives including water treatment chemicals; and the second at Ankleshwar in Gujarat, which manufactures Alcohol based intermediates. KCI operates two 25MW thermal power plants in Renukoot, and enjoys cost advantage as a result of backward and forward integration. The company’s portfolio comprises of over twenty products, with a market leadership in six and substantial shares in all others. The company is recognized for its environment management practices. More information about the company is available at www.kanoriachem.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Asit Roy
Kanoria Chemicals & Industries Limited
Phone – 011-43579271
E-mail:- asit.roy@kanoriachem.com

Mr. Saurabh Saxena/Mr. Jatin Khattar
Adfactors PR Pvt. Ltd.
+919810233370/+919810751243
saurabh.saxena@adfactorspr.com / jatin.khattar@adfactorspr.com

Source: Press release distribution via India PRwire

Nagarjuna Fertilizers and Chemicalss Limited

The flagship company of the Nagarjuna Group, Nagarjuna Fertilizers and Chemicals Limited is a leading manufacturer and supplier of plant nutrients in India. Commencing operations in 1985, today our asset base is around Rs. 21 billion. We have the distinction of being the single largest private sector investment in Southern India. An ISO 9001:2000 certified company, our operational profits are one of the highest in the industry. We assume market leadership in the markets we operate. Our broad portfolio of products and services include Nutrition solutions, Macro and Micro fertilizers, Farm Management services and Micro Irrigation solutions.

For further details, please visit us at: www.nagarjunafertilizers.com

The total production for the nine months period ended on 31st December, 2007 of the current financial year has also increased to 10,68,345 MT from 9,67,318 MT showing an improvement of 10.27% over the same period in the previous year.

Shri Mohapatra, informed that the Company has achieved increased Net Sales of Rs. 283.59 crore during the quarter ended 31st December, 2007 as compared to Rs. 269.13 crore for the third quarter of previous year showing an improvement of 5.37%.

The Net Sales for the nine months period ended on 31st December, 2007 of the current financial year has also increased to Rs.827.73 crore from Rs. 782.71 crore showing an improvement of 5.75% over the same period in the previous year.

The profit after tax for the quarter at Rs.72.14 crore shows a phenomenal increase of 37.88% when compared with that of Rs. 52.32 crore for the third quarter of previous year.

The profit after tax for the nine months period ended on 31st December, 2007 of the current financial year stood at Rs.205.73 crore also shows a phenomenal increase of 39.32% when compared with that of Rs. 147.67 crore for the same period of previous year.

The Managing Director added that Company has generated cash profit of Rs.102.01 crore during the third quarter as against Rs.95.74 crore in same period during the previous year showing an increase of 6.55%.

He, further stated that the Company has generated cash profit for the nine months period ended on 31st December, 2007 of the current financial year of Rs.296.29 crore as against Rs.276.09 crore for the same period during the previous year showing an increase of 7.32%.

He, further, added that the financial ratios have improved at the end of the third quarter as compared to year ended on 31st March, 2007 :

i) Debt Equity ratio to 0.10 : 1 from 0.26 : 1

ii) Interest Coverage Ratio to 15.87 times from 10.57 times;

iii) Earning per Share to Rs. 37.36 from Rs.25.40 and

iv) Book value per Share to Rs.143.78 from Rs.117.00

Shri Mohapatra also informed that GACL has undertaken a Windmill project of 24 MW in order to reduce the power cost as well as drawal of high cost power from MGVCL. About 30% of the machines have been commissioned and balance are expected to be on stream by end of February, 2008.

Encouraged by this performance the Board has accorded in-principle approval to set up additional windmills for a capacity of 40 MW.

He further informed that the trial run production of 50 TPD Anhydrous Aluminium Chloride plant at Dahej are being carried out and this unit is expected to be commissioned in the last quarter of the current financial year.

Shri Mohapatra, further informed that the Company has identified four Clean Development Mechanism (CDM) projects, out of which three projects are already registered and the remaining project will be registered shortly. The Company has already finalized monetisation of CERs generated from these projects and the monetisation of the same has already started from the second quarter of the Financial Year 2007 – 08. GACL is the first PSU in the country, to get the approval of the host country from MOEF for its CDM Project.

The Company is further working on couple of CDM projects by leveraging its strength in CDM field.

The Board has also accorded in-principle approval to explore the possibilities of putting up additional projects like expansion of Caustic Soda by 500 TPD, expansion of Hydrogen Peroxide by 75 TPD ( 100% basis ) and another captive power plant with a capacity of 90 MW. The expected cost of these projects shall be Rs. 1,100 crore.

Source: Press release distribution via India PRwire

“This acquisition is strongly aligned with our vision and core strategies,” says Charles E. Bunch, chairman and chief executive officer of PPG. “With SigmaKalon, we are accelerating our transformation to focus on coatings and specialty products.”

Bunch noted that almost three-quarters of the company’s sales from continuing operations will now come from coatings, and over 80 percent will come from its coatings, optical and specialty products businesses.

“The acquisition will greatly expand our geographic footprint, extend our market presence in various end-use markets, and sharply increase the proportion of sales coming from architectural or decorative coatings,” Bunch says.

SigmaKalon produces architectural, protective, marine and industrial coatings. The company operates 22 major manufacturing facilities across Europe and other key markets across the world. It sells architectural coatings directly to professional painters via a network of service centers, approximately 500 company-owned stores and 3,000 independent wholesalers that give it direct access to customers.

Bunch added that the SigmaKalon acquisition gives PPG a strong platform for profitable growth from which it can continue to generate earnings and increase shareholder value.

For more information, visit www.ppg.com.

Source: Press release distribution via India PRwire

About PPG

Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company employs more than 34,000 people and has 125 manufacturing facilities and equity affiliates in more than 25 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.

• Quarterly revenue increased to Rs.22.98 crores, up more than 56 % from 14.73 crores in the Third quarter of 2006 – 07.
• Net profit increased to 3.02 crores, up more than 47% from 2.05 Crores in the Third quarter 2006-07.

“This quarter has been very satisfying to see an increased percentage in revenues and profits”, said Mr.Anil Jain, Managing Director of Refex Refrigerants Ltd.” It is attributed to our hardwork and consistent performance in sales. With our new refilling plant in Thiruporur going to be operational in this quarter and the air conditioning markets growing at a very fast pace we are sure to make huge profits in the forthcoming quarters. We are very hopeful in increasing our clientele thereby increasing our reach and we are striving to become a leader in the Global refrigerant Industry”, added Mr. Jain.

Refex Refrigerants has clocked a turnover of Rs.51.29 crores for the financial year (2006-07) with a net profit

of Rs.3.91 crores. And for half year ended 30.09.2007 the turnover was 40.02 crores with a net profit of 6.02 crores.

2007-08 Outlook – Fourth Quarter and Full Year:

Based on current visibility the company is now providing the following guidance:

• Fourth quarter 2007-08 revenue anticipated to be at least 25 crores
• Fiscal 2007-08 revenue anticipated to be at least 85 crores.
• Total headcount by end of full year 2007-08 expected to exceed 100.
• Trying to get listed on National Stock Exchange
• The New additional refilling plant at Thiruporur will be operational.
• Increasing its refilling capacity from the current 480 MT to 3000 MT per annum

Source: Press release distribution via India PRwire

Since inception, GACL has ventured into continuous expansion and value additions of products. With the commissioning of the AAC Plant, the Company’s share in the AAC market will increase from 12,000 TPA to 28,500 TPA and Company will be the largest producer of Anhydrous Aluminum Chloride in India.

The Anhydrous Aluminum Chloride product commonly known as Fridel Craft Reagent, is used as catalyst in various chemical reactions mainly in dyes, dye stuff, color, agrochemicals, fine chemicals, pigments, bulk drugs & pharmaceutical industries.

Source: Press release distribution via India PRwire

Breakthrough Management Group, India (previously Qualteam) a leading provider for consulting services in process management is pleased to announce a Lead Auditors Training for ISO 14001:2004 (IEMA registered) with DNVAs, leading certification body. The course is registered with International body IEMA and will give participants internationally recognised certification on completion of the course criteria.

Our course is designed to provide:

• A comprehensive understanding of the requirements of the standard and its applicability in your environment.
• Enable the creation of a roadmap for implementation.
• Create internal capability to maintain and audit the Environment Management System effectively.
  

KEY LEARNING OUTCOMES

The objectives and benefits of this course are as follows:

• Get an in-depth perspective on how to develop, implement, maintain and improve an Environmental Management System
• Get a perspective on industry best practices on Environmental Management System including sustainable development
• Become a qualified auditor capable of conducting first party, second party and third party audits
• Get an overview on the applicable legal requirements for Health and safety
• Roles and Responsibilities of a Lead Auditor

Course Includes:
Comprehensive course material, written exam and assessment of participants during the course duration by faculty

Course Accreditation:
IEMA Certified

Course Faculty:
Namrata Nulwalla

Course Length:
5 days: Monday-Friday

Course Content
Need for Environmental Management Systems: Background to ISO 14001:2004 Standard ISO 14001 requirements and interpretation
Planning, conducting and closing audits. Skills & Qualifications of an EMS auditor Integration with existing management systems (e.g. ISO 9000) Methods for identification of environmental aspects and evaluation Understanding and managing relevant legal requirements
Pollution prevention and abatement techniques Sustainable Development and Corporate Social Responsibility

Who should attend?
Anyone desiring the skills of an EMS internal or Third Party Lead Auditor including but not limited to EHS Managers, Department/ Functional Heads, Management Representatives, Implementers, Supervisors and Internal Auditors.

Certification Requirements:
60% marks on the exam (90 minutes) and continual assessment The dates for the course is as follows: ISO 14001:2004 Lead Auditors Training: November 26th- 30th 2007.

For more information please visit www.BMGIndia.com or write to us at info (at) BMGindia.com

Source: Press release distribution via India PRwire

Headquartered in Longmont, Colorado, US, BMG has developed a loyal clientele that today exceeds 200 active businesses in industries as diverse as biotechnology, health care, finance, telecommunications, manufacturing and energy. BMG has offices in 12 countries and has more than 100 employees worldwide.

BMG's India operations has over a decade's experience in assisting clients in assisting clients with these methodologies and practices and has built a valued client based in a wide variety of industries that include financial services, airlines, chemical, discrete manufacturing, telecommunications and textiles.

For more information you can log on to www.BMGIndia.com

The economies of expanded capacity were realized in the form of lower input costs and operational efficiencies which led to increases in operating margins.

“We have a clear strategy and well-defined priorities. We are executing our plans with discipline to deliver strong financial results for the Company. We are also now focussing on export markets for some value-added products”, said Mr. R.V. Kanoria, Chairman & Managing Director, Kanoria Chemicals & Industries Limited.

Q2FY08 Highlights

For the second quarter ended September 30, 2007 net revenues from sales stood at Rs 104 crore, EBIDTA was at Rs 28 crore while net profit for Q2FY08 stood at Rs 11 crore. The operating margin for the quarter stood at 27%, registering an increase from the previous quarter’s 19%. The non-annualized basic and diluted EPS at the end of H1FY’08 stood at Rs 11.49 and Rs 8.75 (for Rs 10 paid up share) respectively.

“With a diverse product base catering to a wide range of applications, our strong focus continues to be on ensuring a low cost structure through operational efficiencies. We are pleased with the Company’s performance during the first six months of fiscal 2007-08. Our next expansion programme is on schedule and we expect to reap even higher benefits from the next financial year,” added Mr. Kanoria.

STOCK SPLIT

The board took decision to split stocks of the company – a ten rupee share now will be split into two shares of Rs five each. This will increase the number of shares of the company to 37,531,000 from current 18,765,500 after the shareholders approve the proposal.

"Today's announcement of a stock split reflects the confidence of our Board of Directors in KCI’s growth strategies combined with the long-term business opportunities that lie ahead. We believe that the split will make our stock more attractive to a broader investor base,” added Mr. Kanoria.

BONUS SHARES

The Board of Directors of the Company also approved issue of bonus shares – one share for every two shares held to be issued after clearance of the shareholders.

Mr. Kanoria, said “The company has strong reserves and since the company is on a growth trajectory which can support an expanded capital, the Board felt the need to share the benefits with its shareholders."

Editor’s Synopsis

• Financial Highlights H1FY08
• Net Sales at Rs 209 crore
• EBIDTA at Rs 55 crore, an increase of 50%
• Net profit at Rs 21 crore, more than trebles from last half year
• Operating margins at 26% as compared to 18% in the corresponding previous half

Financial Highlights Q2FY08

• Net Sales at Rs 104 crore
• EBIDTA at Rs 28 crore, an increase of 36%
• Net profit at Rs 11 crore, an increase of 127%
• Operating margins at 27% as compared to 19% in the corresponding previous quarter

Other Highlights

• Stock Split – From Current face value of Rs. 10 to Rs. 5
• Bonus Shares – One Equity Share for every two Equity Shares

Source: Press release distribution via India PRwire

About Kanoria Chemicals

Kanoria Chemicals & Industries Limited (KCI) (BSE:506525; NSE:KANORICHEM) is a leading manufacturer of chemical intermediates in India. Recently KCI has been conferred with Gold Award for Outstanding Achievement in Environment Management in Chemicals Sector by the Greentech. KCI has two manufacturing facilities, one at Renukoot in Uttar Pradesh, which manufactures Caustic Soda, Chlorine and Chlorine derivatives including water treatment chemicals; and the second at Ankleshwar in Gujarat, which manufactures Alcohol based intermediates. KCI operates two 25MW thermal power plants in Renukoot, and enjoys cost advantage as a result of backward and forward integration. The company’s portfolio comprises of over twenty products, with a market leadership in six and substantial shares in all others. More information about the company is available at www.kanoriachem.com.

The weekly NBR (Asia) report will offer spot CFR China, spot CFR South East Asia price assessments and spot CFR India (USD/MT). It will also feature vital insights and critical market commentary as well as operating and production news within the industry.

NBR is resistant to oils over a wide temperature range and is also noted for high strength and excellent resistance to abrasion, water, alcohols and heat. NBR is therefore the perfect material for disposable lab, cleaning, and examination gloves. In the automotive industry, it is used to make fuel and oil handling hoses, seals and other components. NBR’s ability to withstand a range of temperatures from −40°C to +120°C makes it an ideal material for extreme automotive applications.

NBR’s future is closely linked to China’s increasing affluence and appetite for cars. Having overtaken Japan as the world’s second-largest automotive market, Chinese car sales reached 5.7 million units in 2006 and are expected to double over the next seven years to more than 10.3 million units.

The Indian market is developing rapidly as global companies outsource their manufacturing options to lower-cost locations other than China. A growing production centre for suppliers of automotive components, 1.4 million vehicles were manufactured in 2006 and the Indian market is set to double by 2008.

“Asia is booming, with China and India leading the way in the rapid economic development of this region. China is the fastest-growing and second-largest car market in the world, with India not far behind and fast catching up in its industrialisation programme. It is therefore timely to launch the NBR report to provide concise, accurate and impartial pricing information on the burgeoning nitrile rubber trades in Asia,” said Helen Yan, senior editor, ICIS pricing.

Building on our knowledge of the feedstock acrylonitrile, butadiene and styrene markets, ICIS pricing is pleased to introduce the weekly Acrylonitrile Butadiene Rubber (NBR) report covering the Asia Pacific market. This latest addition consolidates ICIS pricing’s benchmark position and provides additional price information and news in the Asian synthetic rubber market.

Request for a free trial of the NBR (Asia Pacific) report here: http://www.icispricing.com/il_free/il_free_trial/free_trial.asp?comp=NBRpr&cp=OTC-CHPR-NBR_PressRelease or alternatively email sales.ap@icis.com.

Source: Press release distribution via India PRwire

ICIS

ICIS, a part of Reed Business Information http://www.reedbusiness.co.uk, is the world's leading information provider for the chemical and oil industry. We aim to help chemical and oil companies worldwide increase revenue and profits by providing high-quality, business-critical information, sales leads and brand positioning.

Reed Business Information

ICIS is part of Reed Business Information (RBI), a division of Reed Business and a member of Reed Elsevier plc (525) http://www.reed-elsevier.com, (UK:REL) (US:RUK) (NL:45443) the world’s leading publisher and information provider. RBI publishes over 100 market leading publications, directories and online services, and organises many industry conferences and awards. The RBI portfolio includes Computer Weekly, Caterer & Hotelkeeper, Commercial Motor, Community Care, Estates Gazette, Farmers Weekly, Flight International, New Scientist, Travel Weekly, Totaljobs.com, Caterer.com, CWJobs, Estates Gazette Interactive (EGi), ATI (Air Transport Intelligence), ICIS, Kellysearch, Kompass UK, and Bankers’ Almanac. For a full listing visit http://www.reedbusiness.co.uk

ICIS pricing

ICIS pricing, http://www.icispricing.com, an independent pricing and market intelligence service from ICIS, provides chemical and oil markets with reports published daily, weekly or monthly on more than 120 products. The pricing information is gathered by teams of experienced reporters in London, Houston, Singapore and Shanghai to offer the most complete, authoritative and up-to-the minute independent market information available. For further information on ICIS pricingand ICIS, please visit http://www.icis.com

The ICIS insight Asia report, which is produced every quarter, features an updated and comprehensive guide to the status of major olefins, aromatics and derivatives projects across the region. In addition, the Middle East Petrochemical Report provides a summary of all the key news and events over the previous quarter, as well as detailed spreadsheets and an assessment of project start-up dates.

Due to the recent surge of projects in the Middle East, multiple ripples have been witnessed throughout the industry, causing several key investors to take notice of the imminent debate over shortages of labour and contracting capacity. Plastics processing states within the Gulf Cooperation Council region have also begun to brace themselves as they consider how to measure up to their already booming Asian counterparts.

“The 6th Middle East Petrochemical Report looks into the continuing boom in GCC petrochemicals, amidst rising challenges,” said ICIS insight Asia director, John Richardson. “Demand and supply numbers on the plastics processing sector are also discussed in our detailed analysis, as well as a first look into the methanol capacity,”

The ICIS insight Asia and International eChem team cover the following themes in this latest report:

- the global credit crisis and the implications for corporate funding and project finance

- an analysis of the plastics processing industry in the Gulf Cooperation Council region with consumption growth estimates

- the status of Middle East cracker projects with analysis of the competitive challenges facing producers who are more than 18 months away from start-up

- the role of Middle East methanol capacity in a global context, including trade flows to Asia

The Middle East Petrochemical Report has been produced in partnership with International eChem – a UK-based petrochemical consultancy with extensive experience in single-client work in the Middle East.

For more information on the ICIS insight Asia 6th Middle East Petrochemical Report, please contact rolandkester.cher@icis.com

Source: Press release distribution via India PRwire

About the Editors

John Richardson, director of ICIS insight Asia, has ten years of experience in covering the Middle East and Asian petrochemical industries, and is a well-respected and established writer and commentator on the industry. He was formerly editor of Asian Chemical News and the Singapore bureau of ICIS news. John has 21 years of experience in journalism, during which he has worked for the BBC and the UK national press.

Paul Hodges, Chairman of International eChem, has been consulting on business strategy since 1995, and was previously Executive Director of a $1bn turnover ICI division. He has consulted in most parts of the world, with a particular focus on the petrochemicals area and its interface with refining.

ICIS insight Asia

ICIS insight Asia provides the petrochemical industry with a better understanding of the medium and long-term direction of petrochemical markets.

ICIS insight Asia has launched an India petrochemicals report, which covers olefins, polymers and major downstream demand drivers with an Excel spreadsheet of projects and assessments of start-up dates.

ICIS

ICIS, a part of Reed Business Information http://www.reedbusiness.co.uk, is the world's leading information provider for the chemical and oil industry. We aim to help chemical and oil companies worldwide increase revenue and profits by providing high-quality, business-critical information, sales leads and brand positioning.

Reed Business Information

ICIS is part of Reed Business Information (RBI), a division of Reed Business and a member of Reed Elsevier plc (525) http://www.reed-elsevier.com, (UK:REL) (US:RUK) (NL:45443) the world’s leading publisher and information provider. RBI publishes over 100 market leading publications, directories and online services, and organises many industry conferences and awards. The RBI portfolio includes Computer Weekly, Caterer & Hotelkeeper, Commercial Motor, Community Care, Estates Gazette, Farmers Weekly, Flight International, New Scientist, Travel Weekly, Totaljobs.com, Caterer.com, CWJobs, Estates Gazette Interactive (EGi), ATI (Air Transport Intelligence), ICIS, Kellysearch, Kompass UK, and Bankers’ Almanac. For a full listing visit http://www.reedbusiness.co.uk

But the study of more than 1,000 people in seven countries also reveals how attitudes about sustainability vary across the world. Managers in India, China and the Americas for example, consider the health and safety of employees, customers and supplies as important – but in Korea, the highest importance is given to long term sustainability of the business.

Other key findings of the research show that:

Customers and the government are seen by companies in India as the most important influencers on sustainability and environmental decisions Just over 60% of people rated each of these as a top three influencer. However there are marked differences between countries – in the United States and Europe, customers were considered the most important influencers.

Environmental & Sustainability programs have a strong influence on whether a company in India will be considered as a potential supplier. One out of every two managers consider environment/sustainability factors of critical importance - a significantly higher level than their counterparts in China (26%).

The health, safety of employees, customers and suppliers was rated as the most important factor driving a company’s decision making around environmental activities

“Although there are differences in emphasis around the world, it’s evident from this research that sustainability is becoming more and more important for companies of all sizes in India,” said Peter Cartwright, Dow Corning executive director for environment. “Managers in India clearly understand the importance of innovating products that have less impact on the environment and are also safer for people.”

He added: “In Dow Corning we’ve certainly see a trend amongst our own customers for ‘green’ products; often in response to consumers who are becoming more environmentally conscious As a result, we’ve worked closely with several companies to come up with some innovative approaches that help to reduce wastage, improve water quality and make buildings more sustainable.”

One recent development has been the introduction of a new technology that reduces the water and energy used by textile finishers in India for denim processing.

Note to Editors

More than 1000 respondents from a wide range of manufacturing companies were interviewed for the research survey across seven countries – USA, Brazil, Italy, Germany, China, Korea and India. The survey was conducted on behalf of Dow Corning by the independent market research company, Harris Interactive. The telephone survey took place between November 2006 and January 2007.

Charts and tables illustrating the results are available at www.dowcorning.com

Source: Press release distribution via India PRwire

About Dow Corning

DowCorning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by TheDowChemicalCompany and CorningIncorporated. More than half of DowCorning’s sales are outside the United States.

In India, Dow Corning (www.dowcorning.com/india) is one of the fastest growing specialty chemical companies. The Mumbai office and a new manufacturing site in Pune, serve customers across India and South Asia with innovative solutions and products to industries as diverse as textiles, construction, beauty & personal care, automotive, industrial lubrication, electronics.

About Harris Interactive®

Harris Interactive Inc. (www.harrisinteractive.com), based in Rochester, New York and London, UK, is the 13th largest and the fastest-growing market research firm in the world, most widely known for The Harris Poll® and for its pioneering leadership in the online market research industry. Long recognised by its clients for delivering insights that enable confident business decisions, the Company blends the science of innovative research with the art of strategic consulting to deliver knowledge that leads to measurable and enduring value

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Together, both organizations are able to offer microtechnological solutions for an array of chemical applications, basically from the design of microfluidic modules to the fabrication, test and finally application of microreactors for chemical production syntheses.

Source: Press release distribution via India PRwire

About Tridiagonal Solutions

Tridiagonal Solutions (www.tridiagonal.co.in) is a company formed by experts from National Laboratory and Industry. It provides solutions for reactor engineering and modeling of complex flow processes, as well as domain-specific training for improved understanding. TSPL is committed to creating value for customers through ‘engineering flow processes’, by developing creative and innovative solutions combined with true understanding of industry requirements.

About IMM

IMM is an internationally recognized research and development organization in the field of microsystems technology focusing strongly on customers´ specific requirements. With 10 years of experience in the Chemical Micro Process Technology sector, IMM is a worldwide leading organization in design, development, test and application of microstructure