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DSM Suspends Contracts for Nutrition and Anti-Infectives JVs in China
2:17 AM MDT | October 30, 2009 | Deepti Ramesh
DSM says the previously announced contracts with North China Pharmaceutical Group Corp. (NCPC; Shijiazhuang) to establish three separate joint ventures involving nutritional products and anti-infectives in China have been suspended. “Due to a recent change in the ownership of NCPC, the implementation of these contracts was delayed and possibly cannot be effectuated within a reasonable timeframe,” DSM says. Negotiations with NCPC for a strategic partnership were ongoing since 2004, and the contract for the jvs was signed earlier this year. The...
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