Major UK pharmaceutical producer GlaxoSmithKline is slimming down not only by spinning off its consumer health business. It is also shedding excess verbiage by trimming its name to the three-letter acronym the company is known by, GSK.
US CDMO Avantor has announced plans to create a new manufacturing and distribution hub in Singapore in order to get closer to regional customers and strengthen its global supply chain capabilities.
Investment company H.I.G. Capital has agreed to sell Valtris Specialty Chemicals to an affiliate of funds managed by SK Capital Partners. Financial terms of the transaction were not disclosed. Based in Independence, Ohio, USA, the company manufactures specialty polymer additives and specialty chemicals at nine plants located around the world.
After making “good progress”, both strategically and financially, in the recent past, the next phase in Evonik’s drive toward enhanced business growth will see it execute “targeted and massive investments” in green chemistry and establish sustainability as its central innovation driver, CEO Christian Kullmann said at the company’s Capital Markets Day.
EureKING, a new special purpose acquisition company (SPAC) steered by former European biopharma executives, launched itself on May 9 and in a subsequent listing on the Paris-based Euronext stock exchange raised €150 million to buy up small European CDMOs that make biologics, cell and gene therapies or live biotherapeutics.
Wacker Chemie has opened a new US regional innovation center in Ann Arbor, Michigan, dedicated to developing high-margin biotech and silicone specialties for high-tech applications. The site will also serve as headquarters of Wacker Chemical Corporation, responsible for its business in North and Central America.
Supply chain visibility (SCV) seems to be on everyone’s agenda right now. However, when talking to companies, it quickly becomes clear that everyone has a different picture of visibility. Basically, visibility is about knowing more than you knew before, and this is what most companies still agree on.
When the pandemic was pounding at their doors, many industries were rattled. Healthcare and chemicals were adapting rather successfully to the new normal, as a McKinsey & Company survey reveals.
Major drugmaker Pfizer has agreed to buy US biotech Biohaven Pharmaceutical for around $11.6 billion. Founded in 2013 and based in New Haven, Connecticut, Biohaven specializes in drugs that target neurological diseases and rare disorders.
US health authorities are restricting the use of the Johnson & Johnson Covid vaccine somewhat belatedly, citing the rare blood clotting issues that have dogged this vaccine from the start, as well as the AstraZeneca shot.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
Asia-Pacific contract research organization (CRO) Novotech has acquired NCGS, a US CRO with about 300 employees and a biopharma client base. Financial terms of the transaction were not disclosed. “This is a strategic move to provide US-based expertise and infrastructure for our US clients wanting trials in Asia-Pacific and the US, and for our Asia-Pacific clients wanting US clinical program, said Novotech CEO John Moller.
Tank terminal operator Vopak and energy infrastructure company Gasunie have agreed to jointly develop projects to facilitate the import of hydrogen into Northwest Europe via Dutch and German ports.
Interview with Giovanna Libralon, Senior Director Commercial Development Small Molecules at Lonza.
Bayer’s advice to shareholders expressing concern about the development of the company’s stock at its early May annual general meeting, to bide their time and wait for the US Supreme Court to deal with the issue of warning labels for agrochemicals packaging, seems to have been too hasty.
UK lithium processing company Green Lithium has agreed terms with major commodities trader Trafigura to build a commercial lithium refinery. The facility, to be built at an undisclosed location in the UK, will supply high-purity lithium hydroxide to both UK and European markets. Wood will oversee the refinery’s engineering, construction and commissioning.
Olefins and polyolefins giant LyondellBasell (LYB) has become the latest multinational chemical company to announce plans to pull out of Russia partly or altogether. The Rotterdam-registered, Houston-managed company said this week it has decided “to cease operations” at two office locations in in the country. Its offices in Moscow and Togliatti have now begun winding down activities.
Spain’s Tecnicas Reunidas has won a contract for Ineos’ ethylene cracker project in Antwerp, Belgium. The scope of work includes project management, engineering, procurement and construction management and supervision services. The value of the contract was not disclosed.
Hungarian oil, gas and petrochemicals group MOL has teamed up with US hydrogen systems supplier Plug Power to build a green hydrogen production plant in Százhalombatta. MOL is investing €22 million in the project.
Brussels-based chemical major Solvay is launching a fourth new business platform called Renewable Materials and Biotechnology, dedicated to developing innovative and sustainable solutions for a range of markets and using renewable feedstocks and biotechnology.
The shipping company Gefo is building a range of new specialized tankers at shipyards in China, Turkey, Romania and the Netherlands.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
Norwegian fertilizer company Yara International is evaluating a potential initial public offering (IPO) of its Clean Ammonia business on the Oslo Stock Exchange. Yara Clean Ammonia (YCA) was established as a separate business unit in February 2021 to focus on clean ammonia and its role in zero-emission shipping fuel, power generation, green fertilizer production and other industrial applications.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
CHEManager asked executives and industry experts to share their views on the prospects for the chemical distribution sector.
The chemical distribution business is a diverse industry that provides customized solutions for important sectors such as pharmaceuticals, paints & coatings, agriculture, cosmetics, food & feed, and automotive. At the center of the supply chains of these sectors, distributors are critical partners for global corporations as well as for SMEs. This role has become particularly obvious and relevant during the corona crisis.
Brazilian chemicals and plastics giant Braskem, the largest polyolefins producer in the Americas, has sealed a licensing deal with process engineering firm Lummus Technology covering worldwide production of green ethylene.
Finnish chemicals company Kemira has entered into a multi-year license and supply agreement with US biopolymer manufacturer Danimer Scientific to commercialize bio-based barrier coatings for paper and board products.
