Companies, technology & environment
US agribusiness Monsanto recorded record full year sales at $11.4bn, up from $8.3bn in 2007, to give a net income of $2.0bn, up from $993m in 2007. The results were boosted by record net Q4 sales of $...
Companies, technology and environment
German chemicals major BASF has acquired the Belgian company Recticel’s worldwide compounds business for polyurethane (PU) systems for glass encapsulation including Recticel’s Colofast aliphatic light...
Companies, technology & environment
Neil Eisberg Albemarle Chemicals, a subsidiary of US chemical major Albemarle, is selling its manufacturing facility in Port-de- Bouc, France, to German investment group International Chemic...
Business Digest
Neil Eisberg US pharma firm Aida Pharmaceuticals has acquired one of China’s top microbiology research institutes, the Jiangsu Institute of Microbiology, located in Wuxi city, Jiangsu province, throug...
Business Digest
Neil Eisberg Swiss specialty chemical business Clariant saw sales increase 5% to reach CHF 8.5bn in 2007, compared to CHF 8.1bn in 2006, to give a net income of CHF 5m, compared to a loss of CHF 78m...
Business Digest
Neil Eisberg Austrian petrochemical major Borealis saw its net profit increase 63% in 2007 reaching €533m, compared with €327m in 2006. Without the one-off gain from the sale of its Norwegian operatio...
Business Digest
Sarah Muelmann US speciality chemicals producer Chemtura has acquired UK speciality chemical firm Croda’s holding in polyurethane producer Baxenden for £13m, increasing its ownership from 53% to 100%....
Business Digest
Neil Eisberg Portuguese supplier of active pharmaceutical ingredients (APIs) Hovione has purchased a 75% share of Hisyn Pharmaceutical, based in Zhejiang province, China. No financial details were dis...
Business Digest
Neil Eisberg French chemical major Rhodia has reported a doubling of its 2007 net profit to €129m, compared to €62m in 2006, with operating profit up 25% to reach €448m (€359m in 2006). Net sales in...
Business Digest
Neil Eisberg Privately-held UK chemical major Ineos and US private equity group Carlyle have completed their merger of Ineos Silicas and PQ Corporation to form a global producer of speciality ino...