Business Digest
Neil Eisberg US diversified life sciences company Cambrex reported a loss of $129.2m in 2005, compared with a $26.9m loss in 2004. This poor performance was despite a 2.9% sales increase in 2005...
Business Digest
Neil Eisberg US agribusiness and biodiesel producer Cargill has taken a 25% share in Greenergy Biofuels, the UK firm building a biodiesel facility at Immingham, Humber-side. Cargill has been wor...
Business Digest
Mark Whitfield UK speciality catalyst, precious metals and chemicals company Johnson Matthey has acquired Davy Process Technology (DPT) for £40m ($70m) from Russian oil and petrochemicals group ...
Business Digest
Neil Eisberg Swiss fine chemicals and biotech company Lonza is selling its holding in LOFO High Tech Film (Weil am Rhein, Germany) to Shinkong Synthetic Fibers, headquartered in Taipei, Taiwan, ...
Business Digest
Bayer has succeeded in its protracted takeover bid for Schering after competing bidder Merck finally agreed to let Bayer acquire its 21.8% stake in the company. The deal, the largest undertaken ...
Business Digest
Neil Eisberg Anglo-Dutch oil and petrochemicals major Shell will invest $4bn in its downstream operations in 2006. The groups total capital investment next year is around $19bn. Chief executive...
Business Digest
Mark Whitfield Neste Oil has won the 2006 Finnish Chemical Industry Innovation Award for developing a technology enabling high quality diesel oil to be produced from vegetable oils and animal fa...
Business Digest
Neil Eisberg German speciality chemical company Degussa has completed the sale of its construction chemicals activities to BASF (Ludwigshafen, Germany) for a total transaction value of over €2.8...
Business digest
Neil Eisberg German chemical group Wacker (Munich) has change its legal form from private limited company to stock corporation to gain more financing flexibility. Private limited company involv...
Business digest
Neil Eisberg US concern Kerr-McGee (Oklahoma City, Oklahoma) is separating out its chemicals business through an initial public offering (IPO) of Class A common stock of its wholly-owned subsidi...