June 28, 2016 | By LAWRENCE D. SLOAN, PRESIDENT AND CEO, SOCMA
When it comes to batch processing, those of us in the industry clearly understand the crucial role this process plays in manufacturing specialty chemicals. However, outside the industry we are finding there is a lack of understanding, or maybe appreciation, about how important batch processing is to the innovative nature of our unique sector, or the measures our member companies and other manufacturers...
June 28, 2016 | By DEEPTI RAMESH
Chemical and pharma industry disappointed by Brexit vote, UK association confident of sector's resilience The chemical industry in the United Kingdom and rest of Europe faces a prolonged period of uncertainty after the UK public voted in a referendum last week to leave the European Union. A British exit from the European Union, commonly known as Brexit, has major implications for the chemical sector across...
June 21, 2016 | By DEEPTI RAMESH
Hovione breaks ground on New Jersey expansion Active pharmaceutical ingredients (APIs) producer Hovione (Loures, Portugal) says it held a groundbreaking ceremony on 8 June for the expansion of its East Windsor, NJ site, which would double its capacity to manufacture drug substance. The expansion, adding an additional 30,600 sq feet of space to the existing 24,000 sq feet facility, will include a new...
June 20, 2016 | By IHS CHEMICAL STAFF
After a recent fact-finding mission to Sasol’s Lake Charles, LA project, IHS Chemical analysts have concluded that company’s targeted timing for delivery of feed to the project in late second-half 2018 is realistic. Sasol is two years into construction at its ethane cracker and derivatives project. The project envisions a 1.5 million metric ton per year ethane cracker, and six downstream...
June 14, 2016 | By DEEPTI RAMESH
Novacap builds sodium bicarbonate plant in Singapore to serve pharma sector Pharmaceuticals and chemicals producer Novacap (Lyon, France) says that its Novacarb subsidiary, a producer of soda ash and sodium bicarbonate, on 7 June broke ground on a new sodium bicarbonate plant in Jurong Island, Singapore. The facility will produce sodium bicarbonate grades to serve the growing Asian demand in health care...
June 7, 2016 | By DEEPTI RAMESH
Johnson Matthey's fine chemicals unit reports fall in sales following sale of research chemicals business Johnson Matthey (London) has announced results for its fiscal year ended 31 March 2016. The company's fine chemicals division reports a 9.7% fall in sales in the full fiscal year compared with the previous fiscal year, to £296 million ($426.2 million). Underlying operating profits in the fine...
May 31, 2016 | By DEEPTI RAMESH
Italian API manufacturer Olon to acquire Infa Group Active pharmaceutical ingredient (API) manufacturer Olon (Rodano, Italy), which is part of the P&R Group (Rodano), says that it has signed a definitive agreement to acquire API producer Infa Group (Milan, Italy). Financial details of the deal have not been disclosed. Olon says that it generated sales of over €200 million ($224 million) in 2015...
May 24, 2016 | By DEEPTI RAMESH
Fermion expands API manufacturing facility in Finland Fermion (Espoo, Finland), a manufacturer of active pharmaceutical ingredients (APIs), says that it is expanding its API production capacity at Hanko, Finland. Fermion is investing €30 million ($33.6 million) in the expansion, which is the largest in the history of the company since it was formed in 1970. The expansion project has the necessary...
May 17, 2016 | By DEEPTI RAMESH
Strides Shasun to sell API facility in UK for £25 million Pharmaceutical company Strides Shasun (Bangalore, India), which was formed through the merger of Strides Arcolab and Shasun Pharmaceuticals last year, informed the Bombay Stock Exchange (Mumbai) on 16 May that its board of directors has approved the divestment of Shasun Pharma Solutions Ltd. (Dudley, UK), which is involved in the business of...
May 10, 2016 | By DEEPTI RAMESH
AMRI to acquire Italy-based API manufacturer for $358 million Albany Molecular Research Inc. (AMRI; Albany, NY) says that it has signed a definitive agreement to acquire Prime European Therapeuticals (Lodi, Italy), also known as Euticals, in a transaction valued at approximately $358 million, consisting of shares of AMRI common stock, cash, and a seller note. Euticals, which was established in 1984, is a...
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