Page 148 - CW E-Magazine (17-12-2024)

Pharmaceuticals Your Total Chemical Solutions Partner
Zhejiang Haute / Zhejiang Fenghong Rheology Modifier Bentonite Clay.
PT. Darisa Intimitra Matting Agents - Treated & Non-Treated for Wood Coatings /
CAPITAL INFUSION Can & Coil Coatings. Antiblocking Agent for Printing Inks
Laurus Labs’ biotech unit raises Rs. 120-crore CVC Thermoset Specialties Specialty Modified Epoxy Resin, Functional Reactive Diluents, Liquid
Reactive Polymers - Toughner, Latent Curing Agents.
(Huntsman)
from Eight Roads Ventures Karntner Montain Indusrie -KMI Epoxy Curing Agent - Polyamine, Aliphatic & Cyclo- Aliphatic Adducts
Micaceous Iron Oxide - MIOX®
Laurus Labs said its subsidiary, Laurus Labs diversifi ed into bio- Van Barele Silicate Binder for Paint & Plaster, Silicate Binder for Zinc

Anticorrosion Coatings, Concrete Hardner.
Laurus Bio, has signed a defi nitive tech in 2020 acquiring 72.55% stake in
agreement for an equity investment Bengaluru-based Richore Lifesciences Denka Construction Chemicals, Styrene and Acetyl Products, Elastomers.
of Rs. 120-crore from Eight Roads (later renamed as Laurus Bio) for Megasil - Silanes GLYMO, MONO AMINO, DI AMINO, AMEO, VTMO, MEMO, DAMO.
Ventures and F-Prime Capital. Laurus Rs. 246.7-crore from Eight Roads Ventures AECI Asphalt Emulsifier and Adhesive
Labs will also co-invest an additional and VenturEast. Laurus later increased Jiangsu Ruijia Solvents (Food Grade)
Rs. 40-crore at the same valuation. its stake in Laurus Bio to 87.59%.
Laurus Bio is expanding its manufac- Kuraray Solvents
The promoters of Laurus Bio have turing capability by building a second Dezhou Huiyang Food Texturing, Prolong Shelf Life of Food
also been issued share warrants, exer- the equity infusion for further expan- recombinant protein manufacturing ONE Of THE LEADING NAME Lianyungang Tongyuan Acetate, Propionates, Formates for Food Grade
cisable up to two years from the date sion of its fermentation-based manu- facility, called ‘R2’ at Vasanthanarasapura, IN SPECIALITY CHEMICALS Aekyung Plasticizer, Synthetic Resins.
of issue at the same valuation. Laurus facturing capabilities in order to cater Tumkur, in Karnataka. The two units & TExTILE AUxILARY Siltech Silicons Surfactants
Labs or Eight Roads Ventures have to growing customer demand. will have over 240 kilolitres of capacity. n Pretreatment Chemicals
the right to invest up to an additional “Biomanufacturing is already being uti- n Scouring, Wetting, rewetting Mercerising Radco Thermal Fluids
amount of Rs. 35-crore before December Laurus Bio is a biomanufacturing lised across a range of industries includ- OT-40 / 60 / 70 in Paste and Liquid Dow Dowsil Releasing Agents
2025 at the same valuation. Upon company that uses fermentation and ing personal care, materials, food and n Concentrated Finishing Softners in Flake Argenol Laboratories Gold, Silver, Platinum based Ingredients & Antimicrobial Agents
completion of the transaction, Laurus synthetic biology to create animal-free nutrition and pharmaceuticals. We are and Paste Form at Surprisingly Low Price Soken Tecnix Thermal Fluids
Labs, Eight Roads Ventures and the proteins and growth factors. Their pro- looking forward to growing Laurus Bio n Denisilk-OC, CWS, SP, WX, rT, rTH - 100
promoters of Laurus Bio will each hold ducts are used in a variety of industries, into a global leader in this emerging seg- Denisilk-Er & Ar - 100 Paste ExxonMobil Hydrocarbon Solvents
Silicone Base Elastomers
75%, 14% and 9% stake on a fully including biopharmaceuticals, food, ment,” said Dr. Prem Pavoor, Managing Block Silicones, Micro, Blooming Agent. Johnson Controls/Tyco Chemguard (High Performance Fluorosurfactants)
diluted basis. The company will utilise health, and personal care. Partner, Eight Roads Ventures India. Wax Based Thread Lubricant Please contact:
Megachem Specialty Chemicals (I) Pvt. Ltd.
Suven Pharma to acquire 56% in US-based NJ Bio DiNESH CHEMiCALS (formerly Known as MGI chemicals Pvt. Ltd.)
Group Company of Megachem Singapore
Ser. No. 178,179, Ambiste Budruk, Taluk Wada,
Dist. Palghar. Off: Meghdoot, 144, S.K. Nagar, Office No. 702 & 703, Fairmount, Sector 17, Sanpada, Navi Mumbai - 400705
Suven Pharmaceuticals is acquir- our vision of being a technology-led leader in this fast-growing ADC/XDC Borivili-East, Mumbai-400066. Tel: +91-22-40260957/58 Email: info@in.megachem.com
ing a controlling stake in US-based CDMO, offering end-to-end solutions segment, he added. NJ Bio founder and Contact Milind: 9273611903, 9168401502 Australia | China | india | Indonesia | Malaysia | Philipines | Singapore | Thailand | UAE | UK | Vietnam
Niranjan: 9271826826, 9860359441
NJ Bio Inc for $64.4-mn. The Hydera- in emerging modalities like Antibody CEO Naresh Jain said the company
bad-based fi rm will buy a 56 percent drug conjugates (ADCs),” Suven’s has created enormous value for clients
stake in NJ Bio, a company statement Executive Chairman Mr. Vivek Sharma by solving complex ADC challenges AVAILABLE
informed. said. NJ Bio’s capabilities and over the last few years. The transaction NATURAL WAX MIXTURE
established customer relationships will is expected to close before the end of
“This transaction is in line with accelerate Suven’s journey as a global December 2024. FURFURALDEHYDE (MiXTurE OF HYDrOCArBONS
AND PALMiTiC ACiD)
Dr. Reddy’s unit penalised by Kazakhstan revenue FURFURYL ALCOHOL S. SHAiLENDrA rAO
Please contact:
authority 9886340888

Dr. Reddy’s Laboratories said the Kazakhstan, has imposed the of KZT 17,597,212 (Rs 2.87-mn), it FURANE/PHENOLIC CEMENT Manufacturer & Dealer of
Kazakhstan revenue authority has penalty on Dr. Reddy’s Laboratories added. AMMONIUM CHLORIDE
levied a penalty of Rs. 28.7-lakh on its Kazakhstan LLP towards disallowance Furnova Polymers Ltd. (LR/AR/ Tech./Batterry Grade)
subsidiary. of claim of certain expenses by the “Based on our evaluation, there is no CALCIUM CHLORIDE
tax authorities for the calendar year material impact on the fi nancials, opera- 707, Thacker Towers, Plot No. 86, Sector 17, Vashi, Navi Mumbai. (Lumps / Powder/ Dihydrate Crystals)
The Department of State Revenue, 2021, the drug firm said in a regula- tions, or other activities of the company,” Mob. : +91-9833688486 Email : furnova@gmail.com Modheshwari chemicals
Bostandyk district of Almaty, tory filing. The order levies a penalty the Hyderabad-based drug fi rm said. Web : www.furnova.com Plot No. A-1/1511, GIDC Estate, Ankleshwar-393 002, KNS ADI
Dist. Bharuch, Gujarat. Mobile: 9377512003
(2) Email: modheshwarichemicals@yahoo.co.in Website: www.modheshwari.in
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148 Chemical Weekly December 17, 2024

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