The positive impact drug industry demand for quality is having on the fine chemicals sector was evident at industry trade show CPhI last month according to expert Jan Ramakers.
US company Ferro has said it will sell off its fine chemicals division to private equity firm Arsenal Capital Partners, which will rename the business as Novolyte Technologies, for $66m.
ZaCh Systems has acquired PPG Industries' fine chemicals business
for approximately $65m (€46.9m), which includes a pharmaceutical
fine chemicals facility in Texas.
German fine chemicals company Saltigo is benefiting from a cash
injection from its parent company, Lanxess. The German firm is
earmarking €30m for plant modernisation at its subsidiary, and a
€10m brand new multi-purpose facility...
Service provider Saltigo is reinforcing its position in the
stabilising fine chemical custom manufacturing industry by
investing in the expansion of its German facility.
Europe's fine chemical suppliers cannot beat their Asian
competitors in their own game and must seek an advantage through
restructuring, innovation and specialisation in niche markets, a
new report by Frost & Sullivan advises.
Despite hurdles such as manufacturing overcapacity, limited drug
approvals and intense competition from Asian companies, a new
report from market research analysts Frost & Sullivan predicts
revenues in the North American fine...
Hopax Fine Chemicals is building a new facility in Kaohsiung,
Taiwan, in a move to raise current production capacity by five
folds and become one of the top providers for biological buffers
and specialty chemicals for the pharmaceutical...
Lanxess is to transform its fine chemicals business out into a
legally-discrete subsidiary as part of a programme to increase its
competitiveness in the market for pharmaceutical and agricultural
chemicals, reports Phil Taylor.
German chemicals giant BASF reported strong earnings increases
across the board yesterday, helped by pricing increases. The
companies activities in pharmaceuticals, part of its chemicals and
fine chemicals units, also did well, report...
Finland's Kemira has completed the divestment of its fine chemicals
business, which now operates as KemFine under the control of the
division's former management team.
Lanxess, the fine chemicals unit that is due to be spun out of
Germany's Bayer next year, will be headed by Axel Westerhaus,
currently in charge of the group's polyethers business in the US.
Bayer Fine Chemicals has developed a new way to make chiral
epoxides that could shorten reaction times and reduce the amount of
expensive catalysts used in the process.
Degussa sees no signs of any let-up in the difficulties facing the
chemicals industry in the third quarter, with both sales and pretax
earnings continuing to slide.