Latest Biotechnology, Pharmaceutical and Healthcare News from CHEManager

13:17 EDT 23rd October 2018 | BioPortfolio

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Showing News Articles 1–25 of 557 from CHEManager

Tuesday 23rd October 2018

Celanese Widening POM Output in Frankfurt

US chemical producer Celanese is undertaking a 20,000 t/y capacity increase for its acetal polymer polyoxymethylene (POM) at the Industriepark Höchst chemical park near Frankfurt, Germany.  The additional capacity is scheduled to be in place within the next 18 to 24 months.

EuroChem Takes Trammo’s US Assets

Major global fertilizer producer EuroChem has boosted its distribution network in the US with the acquisition of Trammo’s dry and liquid fertilizer transport and storage assets. Financial terms were not disclosed. The purchase enables the Swiss-based group to strengthen its presence in western Canada and on the US east coast. EuroChem now operates 25 warehouses in the US with a storage capac...

Monday 22nd October 2018

Orlen Expands Anwil Fertilizer Output

Poland’s PKN Orlen, which earlier this month took full control of Czech refiner and petrochemicals producer Unipetrol, has announced plans to invest around 1 billion zloty ($268 million) in an expansion of nitrogen fertilizer capacity at its Anwil subsidiary.

Anellotech Plans Commercial Bio-TCat Plant

Clean technology company Anellotech has begun planning scale-up design and engineering for a commercial-scale plant based on its Bio-TCat process, which produces chemicals and fuels from non-food biomass. The US-based company said it has demonstrated commercially viable process economics and consistently stable operation during trial runs over many months at its pilot facility in Silsbee, Texas.

Sanofi May Move Rare Disease to Boston Area

French drugmaker Sanofi is planning to deepen the rare diseases footprint of its Genzyme franchise at Cambridge, Massachusetts, US, where according to reports the business could move into new facilities housing about 2,000 employees.

Sunday 21st October 2018

Chemours Expanding Teflon Capacity

US chemical producer Chemours, the DuPont spinoff, plans to expand capacity for its Teflon- branded PFA polymer in response to what it says is growing global demand from the semiconductor industry.

Friday 19th October 2018

Evonik Starts US Precipitated Silica Plant

German chemical producer Evonik has started up its new plant producing precipitated silica plant for the tire industry in the US state of South Carolina. The company said the world-scale production facility that cost some $120 million to build is in response to strong  demand from the North American tire industry. Tires containing the highly dispersible precipitated silica are claimed to have...

Cuadrilla Resumes Fracking in UK

With the opening of a well by shale gas exploration company Cuadrilla early this week, fracking activity resumed in the UK for the first time in seven years. In July, the Australian-owned company had received the government’s final go-ahead to drill at the Preston New Road site in Lancashire.

Thursday 18th October 2018

Novartis Buys US Biopharma Endocyte

Novartis has agreed to buy US biopharma Endocyte, gaining access to radiopharmaceuticals, which the Swiss drugmaker has identified as a key growth driver of its business. Under the terms of the deal, Novartis will pay Endocyte shareholders $24 per share, valuing the West Lafayette, Indiana-based firm at $2.1 billion.

Elix Polymers Sold to China's Sinochem

Private equity group Sun European Partners, an affiliate of US-based Sun Capital Partners, has agreed to sell Elix Polymers to Chinese chemical giant Sinochem. The Tarragona, Spain-based company produces pre-colored ABS resins, derivatives and specialties for a variety of markets in the healthcare, automotive and consumer sectors.

BASF Offers EU Concessions on Solvay PA Deal

BASF has offered concessions to address European Commission’s concerns about the effect of its planned acquisition of Solvay’s global integrated polyamide (PA) business on competition in Europe. The German chemical giant said it has offered to refrain from acquiring certain parts of the business, including European innovation capabilities and manufacturing assets

Wednesday 17th October 2018

Linde, Praxair Work with US FTC on Merger

As the Oct. 24 deadline for the Linde/Praxair merger edges closer, the German industrial gas maker said the companies has “aligned” with Federal Trade Commission (FTC) staff on Oct. 1 regarding the required asset sales as part of the US antitrust review.

Grupa Azoty Acquires Specialty Fertilizer Group

Shareholders of Poland’s Grupa Azoty have approved the acquisition of specialty fertilizer group Compo Expert from UK-headquartered private equity firm XIO Group, for a sum not exceeding €235 million. The transaction, which has been approved by antitrust authorities in Turkey, Germany and Austria, is expected to close between now and the first quarter of 2019.

Taiwan’s CPC and Pertamina Plan Indonesia Cracker

Taiwan’s state-owned energy company CPC has signed a Memorandum of Understanding (MoU) with Indonesian oil and gas group Pertamina to build a naphtha cracker.

Dr. Reddy’s in Fresh Asset Sale

India’s Dr. Reddy's Laboratories has entered a definitive agreement to sell its API manufacturing business unit at Jeedimetla, Hyderabad, Pakistan, to Therapiva Private Ltd, an emerging generics pharmaceutical company headquartered in Abu Dhabi, United Arab Emirates.

Tuesday 16th October 2018

Solvay Names Diversey’s Kadri as New CEO

Solvay has appointed Ilham Kadri as its new CEO, effective from Mar. 1, 2019. Kadri, who is presently CEO and president of US hygiene technology and services company Diversey, will join Solvay on Jan. 1 and spend two months transitioning alongside incumbent CEO, Jean-Pierre Clamadieu.

Cepsa Postpones IPO on Market Volatility

Cepsa is delaying its initial public offering (ipo) because of recent uncertainty in international capital markets. The announcement comes less than a month after the Spanish oil and gas company said it would offer a 25% stake, potentially raising up to €2.02 billion. Parent company Mubadala Investment said it had decided to delay the public offer because the recent market instability had ...

Carrick Gains Rights to BTG’s Ovarian Cancer Drug

Irish biopharma Carrick Therapeutics has licensed exclusive global rights to develop and commercialize an investigational targeted ovarian cancer drug from specialist healthcare company BTG.  Financial terms of the deal were not disclosed.

Monday 15th October 2018

FMC Spins off Livent in IPO

Livent, the lithium business being separated from US chemicals group FMC in an initial public offering (ipo), began trading on the New York Stock Exchange on Oct. 11. Paul Graves, Livent’s CEO said the company was looking forward to the opportunities created by the stock exchange listing for continued investment in its long-term growth. FMC first announced its intention to spin off its lithi...

South Korea and China Choose LyondellBasell Technologies

A joint venture between PolyMirae and SK Advanced has selected LyondellBasell’s fifth-generation Spheripol PP technology for a 400,000 t/y plant to be built in Ulsan, South Korea.

Celanese to Buy India’s Next Polymers

US specialty materials company Celanese has agreed to acquire India’s Next Polymers, one of the country’s largest engineering thermoplastics (ETP) compounders. Headquartered in Mumbai, Next Polymers specializes in custom compounding various ETPs, including nylon 6 and 6,6, PP, ABS, PC and polymethyl methacrylate (PMMA), for automotive, electrical/electronic, industrial and consumer app...

Friday 12th October 2018

Indorama and Loop Form PET Recycling JV

Leading PET producer Indorama Ventures is linking up with Canadian recycling technology company Loop Industries to manufacture and commercialize 100% sustainable polyester resin to meet growing global demand from beverage and consumer packaged goods companies.

PKN Orlen Takes Control of Unipetrol

Poland’s PKN Orlen has taken 100% ownership of Czech refiner and petrochemicals producer Unipetrol with effect from Oct. 1 following the completion of a squeeze-out of remaining shareholders. Unipetrol has also been delisted from the Prague Stock Exchange as of Sept. 26.

Thursday 11th October 2018

Axalta CEO Resigns After Conduct Probe

Only a month into his role, Terence Hahn, the newly appointed CEO of US coatings company Axalta has resigned “by mutual agreement” after an external investigation into his conduct. Hahn took up his position on Sept. 4. He has also stepped down from Axalta’s board.

Hexpol Buys Italy’s Mesgo Group

Swedish compounder Hexpol has acquired an 80% stake in Italy’s Mesgo Group for €168 million, making a strategic move into the high-performance elastomers market.

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