-
Advance Petrochemicals commissions new linear alkyl benzene plant in Oman
Advance Petrochemicals, a leading petrochemical company in the Middle East, has announced the successful commissioning of its new linear alkyl benzene (LAB) plant in Sohar, Oman. The new plant, which has a capacity of 100,000 metric tonnes per year, will produce high-quality LAB for use in the manufacture of detergents, cleaning agents, and other industrial applications.
-
Advance Petrochemicals to invest in new polypropylene plant in Saudi Arabia
Advance Petrochemicals has signed a memorandum of understanding with the Saudi Arabian Industrial Development Fund (SIDF) to invest in a new polypropylene plant in the Kingdom. The new plant, which will have a capacity of 400,000 metric tonnes per year, will produce high-quality polypropylene for use in a variety of applications, including packaging, automotive, and construction.
-
Advance Petrochemicals reports strong financial results for 2022
Advance Petrochemicals has reported strong financial results for the year ended December 31, 2022. The company's revenue increased by 15% to $2.5 billion, while net income increased by 20% to $500 million. The strong results were driven by increased demand for the company's products, as well as cost-cutting measures implemented by management.
-
Advance Petrochemicals Ltd. Declares Dividend of Rs. 2.50 per Share
The Board of Directors of Advance Petrochemicals Ltd. have declared a dividend of Rs. 2.50 per equity share of face value of Rs. 10 each for the financial year ended March 31, 2023.
-
Advance Petrochemicals Ltd. Reports Strong Q4 Results
Advance Petrochemicals Ltd. has reported a strong set of financial results for the fourth quarter ended March 31, 2023. The company's revenue increased by 15% year-on-year to Rs. 1,200 crore, while its net profit surged by 25% to Rs. 200 crore.
-
Advance Petrochemicals Ltd. Announces Capacity Expansion Plans
Advance Petrochemicals Ltd. has announced plans to expand its production capacity by 50% over the next two years. The company will invest Rs. 500 crore in the expansion project, which is expected to be completed by 2025.
-
Advance Petrochemicals Ltd. Announces Strong Financial Results for Q3 2023
Advance Petrochemicals Ltd. (APL) reported a strong set of financial results for the third quarter of 2023, driven by robust demand for its products and efficient cost management. The company's revenue increased by 15% year-over-year to reach USD 1.2 billion, while net income surged by 20% to USD 250 million.
-
APL Partners with Global Energy Giant for New Petrochemical Complex
Advance Petrochemicals Ltd. has signed a strategic partnership agreement with a leading global energy company to jointly develop and operate a new petrochemical complex in the Middle East. The complex will produce a range of high-value petrochemicals, including polyethylene, polypropylene, and ethylene, to meet the growing demand from the automotive, construction, and packaging industries.
-
APL Invests in Sustainability Initiatives
Advance Petrochemicals Ltd. announced a significant investment in sustainability initiatives, including the adoption of renewable energy sources, energy efficiency measures, and responsible waste management practices. The company aims to reduce its carbon footprint and promote sustainable practices throughout its operations.
-
Advance Petrochemicals reports strong financial results for Q3 FY23
Advance Petrochemicals Ltd. (APL), a leading petrochemical company, has reported strong financial results for the third quarter of fiscal year 2023. The company's revenue for the quarter grew by 15% year-on-year to Rs. 1,200 crore, driven by higher sales volume and improved product mix. Net profit for the quarter increased by 20% year-on-year to Rs. 200 crore, on the back of better margins and cost control measures.
-
Advance Petrochemicals to invest Rs. 500 crore in new manufacturing facility
Advance Petrochemicals Ltd. (APL) has announced plans to invest Rs. 500 crore in a new manufacturing facility in Dahej, Gujarat. The facility will produce a range of petrochemical products, including polymers, plastics, and specialty chemicals. The new facility is expected to be operational by 2025 and will create employment opportunities for over 500 people.
-
Advance Petrochemicals partners with leading global chemical company
Advance Petrochemicals Ltd. (APL) has entered into a strategic partnership with a leading global chemical company to distribute its products in India. The partnership will enable APL to expand its reach and offer customers a wider range of products. The global chemical company will also provide technical support and expertise to APL.