IHS Chemical Week
FINE CHEMICALS/BIOTECH

SI Group to acquire Albemarle's antioxidants and ibuprofen business

4:50 PM MDT | April 16, 2014 | Vincent Valk

SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen and propofol businesses of Albemarle for an undisclosed amount of cash. The deal includes manufacturing sites in Organgeburg, SC  and Shanghai, as well as technical support...


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MORE FINE CHEMICALS/BIOTECH

Albemarle earnings fall but beat estimates

Albemarle today reported net income down 32.6% year-on-year (YOY), to $56.6 million, or 71 cts/share, on net sales up 2.3%, to $656.7 million. Net income fell primarily due to charges related to pension and retiree benefits, while sales rose mostly on higher...

Syngenta's first-quarter sales up 2%, to $4.7 billion

Syngenta had $4.7 billion in sales during the first quarter, according to the company's latest trading statement, released today. The figure represents a 2% increase from the same quarter the year before. The company has not disclosed Ebitda or net income...

Bayer CropScience opens bee health facility

Bayer CropScience says it has opened its North American Bee Care Center at its North American headquarters in Research Triangle Park. The $2.4-million center "brings together significant technological, scientific and academic resources, with goals of...

Pharma/fine chemicals roundup—15 April 2014

Mitsubishi Chemical subsidiary and Neuland open pharma ingredients plant in India Neuland Laboratories (Hyderabad, India), a pharmaceutical manufacturer that provides active pharmaceutical ingredients (APIs), complex intermediates, and contract manufacturing...

Sumitomo Corp. acquires Bayer fungicide product line

Sumitomo Corp. has acquired the fungicide Metominostrobin from Bayer CropScience's Japan subsidiary. Financial terms of the agreement were not disclosed. Metominostrobin is a broad-spectrum, systemic fungicide with preventative and curative activity, the...

Mitsubishi Chemical subsidiary and Neuland open pharma ingredients plant in India

Neuland Laboratories (Hyderabad, India) a pharmaceutical manufacturer that provides active pharmaceutical ingredients (APIs), complex intermediates, and contract manufacturing services, says that it has opened a new manufacturing facility at Hyderabad...

Pharma/fine chemicals roundup—8 April 2014

FDA issues warning letter to GlaxoSmithKline’s API plant in Ireland The US FDA issued a warning letter on 18 March to the active pharmaceutical ingredient (API) manufacturing facility of GlaxoSmithKline (GSK; London) located at Carrigaline in the county...

Evonik completes expansion of service lab for pharmaceutical polymers in China

Evonik has expanded its technical service laboratory for pharmaceutical polymers in Shanghai from 130 sq meters to 750 square meters in response to the dynamic growth of China's pharmaceutical market, the company announced today. The laboratory is...

Syngenta acquires durum-wheat seed company in Italy

Syngenta has announced that it has acquired Società Produttori Sementi (PSB; Bologna), one of Italy’s oldest seed companies and a leader in durum-wheat breeding and production for pasta. Financial details of the deal have not been disclosed...

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