The mazda pharma Guide 12th August to 18th August 2013 | Page 33

CHEMICALS NEWS
financial year 2013 (FY 2013). Tata Chemicals (Mumbai) reports a 30% fall in net profits for its fiscal first quarter, ended 30 June, compared with the year-ago period, to 752.1 million Indian rupees ($12.3 million). Firstquarter sales increased 7.7%, to Rs33.1 billion. During the quarter, “the company's businesses in India had a decent performance with chemicals and consumer businesses registering satisfactory numbers,” says R Mukundan, managing director of Tata Chemicals. “The company's fertilizers and agri-business were adversely impacted by foreign exchange fluctuations. Clariant Chemicals (India) says it is exploring options for the relocation of its masterbatches plant from Kolshet at Thane, near Mumbai, following a decision to sell the land. The Kolshet plant's products include additives, white, combi, color masterbatches for the plastics and fiber applications with end use in the automotive, packaging, synthetic carpets, and electrical and electronics industries. “The Kolshet site is not fully utilized as the area around it is increasingly becoming residential. The company has therefore decided to sell the land.

PRESIDENT OBAMA ORDERS REVIEW OF CHEMICAL SAFETY
WASHINGTON : President Obama has signed an executive order to improve the safety and security of chemical facilities and reduce the risks of hazardous chemicals. “Incidents such as the devastating explosion at a fertilizer plant in West, TX in April are tragic reminders that the handling and storage of chemicals present serious risks that must be addressed,” says President Obama. “While the cause of the Texas explosion is under investigation, we can take some commo