IHS Chemical Week

Regions :: Western Europe :: Switzerland

Switzerland (549)


Sika acquires mortar and tile adhesive manufacturer in Mozambique
Sika (Baar, Switzerland) says that it has agreed to acquire the assets of Duro-Moza (Maputo), a company active in production and sales of specialized mortars and tile adhesives. Financial details of the deal have not been disclosed. Duro-Moza generated sales...

Moody's: Removal of cap on Swiss franc will hurt Switzerland-based chemical firms' earnings
The Swiss National Bank’s (Bern) recent decision to remove the peg between the Swiss franc and the euro—resulting in a rapid strengthening in the Swiss currency’s value—will put downward pressure on Switzerland-based companies'...

Sika board seeks to strip family of power to sell control of firm to Saint-Gobain
The battle between the Sika (Baar, Switzerland) management and the company’s controlling shareholders, the Burkard-Schenker family, has taken a new turn, with a statement from the Sika board that the family’s voting rights should be restricted to...

Varo Energy to invest in Switzerland refinery, announces new CEO
Varo Energy (Zug, Switzerland) will invest more than 50 million Swiss Francs ($57.6 million) for a turnaround and other projects at the company's Cressier, Switzerland, refinery. The investment will focus on safety, asset integrity, and growth, with projects...

Lonza reports huge rise in profits
Lonza recorded net profits of 237.0 million Swiss francs ($274.9 million) for 2014 compared with profits of SF87.0 million in 2013. Sales for 2014 increased by 1.6%, to SF3.64 billion. Lonza’s specialty ingredients and pharma and biotech market segments...

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