July 25, 2016 | By DEEPTI RAMESH
Lonza reports 20% core Ebit growth Lonza has reported sales of 2.02 billion Swiss francs ($2.05 billion) in the first half of 2016, an increase of 6% year over year (YOY), the “best first half in its history,” as a result of “better operational and commercial performance.” Core Ebit was 312 million Swiss francs, an increase of 20% YOY. The core Ebit margin increased to 15.5% in...
July 19, 2016 | By DEEPTI RAMESH
Cambrex completes API capacity expansion in Iowa site Cambrex Corp. (East Rutherford, New Jersey), a manufacturer of small molecule innovator and generic active pharmaceutical ingredients (APIs), announced on 12 July that it has completed the previously announced $50-million production and warehousing expansion at its API facility at Charles City, Iowa. Plans for the project were first announced in...
July 12, 2016 | By DEEPTI RAMESH
Apax Partners to acquire Invent Farma including its API subsidiary Funds advised by private equity advisory firm Apax Partners (London) says that an entity controlled by them has entered into a definitive agreement to acquire Invent Farma S.L. (Barcelona), a pharmaceutical company, from a consortium of investors led by Silfurberg, Framtakssjóður Íslands and Horn II. Invent Farma...
July 5, 2016 | By DEEPTI RAMESH
Safic-Alcan takes full ownership of pharma ingredients distributor in China Safic-Alcan, a distributor of specialty chemicals, says it has increased its stake in Sichuan HuaFaMei Enterprise Co. (Chengdu, China) from 50%, to 100%, by buying shares from Charles Hu, acting president of Sichuan HuaFaMei. Safic-Alcan bought the original 50% stake in 2006. Hu will remain in place and continue to manage the...
June 30, 2016 | By GUEST AUTHOR
Chemspec says its sixth annual scholarship golf outing has raised $30,000 for chemical science tuition scholarships. Chemspec says it has been able generate over $104,000 over six outings for the scholarship...
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...
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