IHS Chemical Week

UK funds research in biotechnology catalysts

May 27, 2016 | Michael Ravenscroft

The Biotechnology and Biological Sciences Research Council (BBSRC; Swindon, UK) has announced that sixteen research projects are to share £17 million ($25 million) innovative challenge-led biotechnology concepts to market. The projects, which focus on...

Italian API manufacturer Olon to acquire Infa Group

May 26, 2016 | Deepti Ramesh

Active pharmaceutical ingredient (API) manufacturer Olon (Rodano, Italy), which is part of the P&R Group (Rodano), says that it has agreed to acquire API producer Infa Group (Milan, Italy). Financial details of the deal have not been disclosed. Olon says...

Most Bayer shareholders critical of proposed Monsanto deal, Monsanto holders in favor, Bernstein survey says

May 26, 2016 | Natasha Alperowicz

Most Bayer shareholders are sharply critical of the German company’s proposed $62 billion acquisition of Monsanto, while investors in the United States seeds and agchems giant are generally in favor of the deal. This is the conclusion of a survey of...

FDA issues warning letters to API plants in China and Germany

May 25, 2016 | Deepti Ramesh

The US FDA issued a warning letter on 16 May 2016 to the active pharmaceutical ingredient (API) manufacturing facility of BBT Biotech, located in Baesweiler, Germany; and a separate warning letter on 12 May 2016 to the API facility of Tai Heng Industry Co....

BASF sells pharmaceutical film coating product line to Colorcon

May 25, 2016 | Deepti Ramesh

BASF says that it will sell its Kollicoat IR coating systems product line to Colorcon (Harleysville, PA); including the current customer business, inventory and relevant know-how. Financial details of the deal have not been disclosed. Colorcon and BASF have...

Exclusive: ChemChina appoints banks, confident of closing Syngenta deal by yearend

May 24, 2016 | Natasha Alperowicz in Beijing

China National Chemical Corp. (ChemChina; Beijing) is making good progress with its $43.3-billion acquisition of Syngenta (Basel), the global leading agricultural chemicals company, and plans to conclude the deal by the end of this year, Ren Jianxin, chairman...

Bayer seeks to engage in discussions following Monsanto's rejection

May 24, 2016 | Natasha Alperowicz

Bayer on Tuesday responded to Monsanto’s rejection of its initial $62-billion all-cash offer saying that it “looks forward to engaging in constructive discussions with Monsanto regarding the proposed transaction.” Bayer reiterated that its...

Monsanto rejects Bayer's $62-billion offer

May 24, 2016 | Rebecca Coons

Monsanto says its board of directors has unanimously rejected Bayer's $62-billion takeover proposal, saying it is "incomplete and financially inadequate" but  that Monsanto remains "open to continued and constructive conversations" to...

Sekisui Chemical starts up additional capacity for high-purity methyl acetate in Spain

May 24, 2016 | Deepti Ramesh

Sekisui Chemical’s (Osaka) specialty chemicals subsidiary has started up a major capacity expansion at its high-purity methyl acetate production unit at Tarragona, Spain, the company says. High-purity methyl acetate is used to manufacture...

Pharma/fine chemicals roundup—24 May 2016

May 24, 2016 | 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...

Adama first-quarter profits higher despite challenging agchem markets

May 22, 2016 | Natasha Alperowicz

Adama Agricultural Solutions (Tel Aviv), a major producer of agricultural chemicals, on Sunday reported first-quarter net income rose 6.8%, to $101 million, on 1.6% lower sales of $853 million. In constant exchange rates, however, sales were 6.9% higher...

Bayer details $62-billion offer to buy Monsanto

May 22, 2016 | Natasha Alperowicz

Bayer, in response to further market speculation and stakeholder inquiries, on Monday disclosed the contents of its proposal to acquire Monsanto. Bayer has made an all-cash offer to acquire the issued and outstanding shares of common stock of Monsanto for...

Merck KGaA posts increase in sales, profit, on organic growth, Sigma-Aldrich acquisition

May 19, 2016 | Michael Ravenscroft

Merck KGaA, a life sciences and performance materials player, has posted first-quarter 2016 Ebit of €849 million ($957.5 million), compared with €480 million in the corresponding quarter of 2015, an increase of 76.8% year-on-year (YOY). The Ebit...

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