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16.04.2024 • News

OQ Chemicals Completes US Propionaldehyde Expansion

As part of its strategy to expand the company's application portfolio, Germany-based OQ Chemicals has mechanically completed the expansion of its US plant in Bay City, Texas, for the production of high-purity propionaldehyde.

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16.04.2024 • News

Fujifilm Invests Additional $1.2 Billion in CDMO Business in North Carolina

Fujifilm announced an additional investment of $1.2 billion in its large-scale cell culture contract development and manufacturing organization (CDMO) business to further expand the planned Fujifilm Diosynth Biotechnologies facility in Holly Springs, North Carolina, bringing the total investment in the facility to over $3.2 billion. Plans for the new site were unveiled in September last year.

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15.04.2024 • News

Air Liquide Expands Biomethane Capacities in the US

Air Liquide is to expand its capacities in biomethane, also known as renewable natural gas (RNG) in the US, with the construction of two new production units. These units, located in Center Township, Pennsylvania, and Holland Township, Michigan, will treat waste sourced from dairy farms.

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12.04.2024 • News

Vulcan Produces Europe's First Green Lithium Chloride

Australia-headquartered lithium producer Vulcan Energy Resources has started production of lithium chloride (LiCl) at its lithium extraction optimization plant (LEOP) in Landau, Germany. The company started the plant up in November last year.

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11.04.2024 • News

Vertex to Acquire Alpine Immune Sciences for $4.9 Billion

US-based Vertex Pharmaceuticals has agreed to pay approximately $4.9 billion in cash to acquire Alpine Immune Sciences, a compatriot biotechnology company focused on discovering and developing innovative, protein-based immunotherapies.

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11.04.2024 • News

EU Chemical Industry Confidence Shows Upward Trend

In its Chemical Trends Report for March, CEFIC, the European Chemical Industry Council, states that Europe has been more impacted by the energy crisis than other regions and structural issues need to be addressed.

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10.04.2024 • News

Orion Breaks Ground on Battery Materials Plant in Texas

Specialty chemicals company Orion, a producer of carbon black, broke ground on a battery materials plant in Texas, US. According to Orion, the facility will be the only one in the US producing acetylene-based conductive additives for lithium-ion batteries and other applications for the growing electrification.

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09.04.2024 • News

Roquette Invests in Danish Start-up Biograil

Roquette, a French multinational supplier of pharmaceutical and nutraceutical excipients, announced an investment by its venture capital arm Roquette Ventures in Danish start-up Biograil.

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08.04.2024 • News

DKSH Performance Materials Acquires Elite Organic

DKSH has announced the signing of an agreement to acquire Malaysia's Elite Organic Sdn. Bhd. This acquisition allows DKSH Performance Materials to enhance its capabilities in the promising pharmaceutical, food, and nutraceutical markets across the Asia Pacific region.

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08.04.2024 • News

Neste, Lotte Chemical Collaborate on Renewable Chemicals and Plastics

Finnish refiner Neste and South Korean chemical company Lotte Chemical agreed on a strategic collaboration to replace fossil resources with renewable raw materials in the manufacturing of chemicals and plastics. This, the partners said, will enable products and applications with a lower carbon footprint compared to those produced from fossil resources.

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05.04.2024 • News

Brenntag Acquires Specialties Distributor in UK

German distribution giant Brenntag announced the acquisition of Lawrence Industries, an independent specialties distributor in the UK. The transaction, Brenntag said, further strengthens the company’s position within Material Science and across the coatings, adhesives, sealants and elastomers (CASE), construction, polymer and rubber industries. Financial details of the deal were not disclosed.

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04.04.2024 • News

Genmab to Acquire ProfoundBio for $1.8 Billion

Danish drugmaker Genmab has agreed to buy privately-owned US biotechnology company ProfoundBio for $1.8 billion. ProfoundBio develops novel ADCs and ADC technologies for the treatment of certain cancers, including ovarian cancer and other FRα-expressing solid tumors.

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04.04.2024 • News

Clariant Completes Acquisition of Lucas Meyer Cosmetics

Clariant, a specialty chemical company, announced it has completed the acquisition of Lucas Meyer Cosmetics, a provider of high-value ingredients for the cosmetics and personal care industry, from IFF for an Enterprise Value (EV) of $810 million (€746 million). The purchase price will be subject to customary net debt and working capital adjustments.

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03.04.2024 • News

Sika Acquires Concrete Refurbishment Company in the US

Swiss construction chemicals major Sika has acquired Kwik Bond Polymers (KBP), a US-based manufacturer of polymer systems for the refurbishment of concrete infrastructure. Financial details of the transaction were not disclosed.

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02.04.2024 • News

Wolfgang Wienand to Join Lonza as New CEO

Lonza has appointed Wolfgang Wienand as its new CEO. He will join the company during the summer of 2024 and succeed Albert M. Baehny, who took on the additional responsibility of interim CEO in October 2023 while the search for a permanent CEO took place.

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28.03.2024 • News

Aragen Launches First Phase of Biologics Facility in India

Aragen, a CRDMO, has launched the first phase of its biologics manufacturing facility in Bangalore, India. The $30 million project, executed by its subsidiary Aragen Biologics Pvt Ltd, has completed its first small-scale manufacturing project for a US-based organization, producing a novel anticancer monoclonal antibody.

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28.03.2024 • News

Syensqo Inaugurates Application Development Labs in Italy

Syensqo has opened its application development labs (ADL) in Bollate, Italy. The project includes an expansion of 1,300 m2 in a new building and represents a €10 million investment over the past three years and underlines the Bollate research center’s pivotal role in developing new applications for high-tech industries, the company said.

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27.03.2024 • News

Chemours Names Denise Dignam Permanent CEO

US specialty chemicals and materials company Chemours has appointed Denise Dignam as the company’s permanent CEO and president, as well as a member of the board of directors, effective immediately.

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26.03.2024 • News

Dow to Build World-Scale Carbonate Solvents Facility on US Gulf Coast

Dow announced its intent to build a world-scale carbonate solvents production facility for lithium-ion battery production on the US Gulf Coast. The plant will serve customers in the lithium-ion battery sector, in which carbonate solvents are used as a component in electrolytes.

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25.03.2024 • News

Novo Nordisk to Acquire Cardior Pharmaceuticals

Novo Nordisk is to acquire Cardior Pharmaceuticals for up to €1.025 billion Euros, including an upfront payment and additional payments if certain development and commercial milestones are achieved.

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25.03.2024 • News

Schott Pharma to Build New US Prefillable Syringe Manufacturing Facility

In a move to triple its production of glass and polymer syringes for the US market by 2030, Germany’s Schott Pharma announced plans to build its first US facility to manufacture prefillable polymer syringes that meet the need for deep-cold storage and transportation of mRNA medications.

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21.03.2024 • News

Evonik and Vland Biotech Begin Joint Venture

Evonik Vland Biotech, a new joint venture between Evonik China and Shandong Vland Biotech, began operations on January 1, 2024. The venture aims to expand the market presence of their livestock probiotics in Greater China and develop new products. The official opening took place in Qingdao on March 14.

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