CDMO Hovione used CPhI Worldwide 2021 in Milan to announce plans to invest $170 million over the years 2020-2022 to expand both capacities and capabilities at three sites in Portugal, Ireland, and New Jersey. About 300 jobs will be created as a result.
Following a detailed review, Johnson Matthey has concluded that the potential returns from its Battery Materials business “will not be adequate to justify further investment”. It will therefore seek to sell all or parts of the business.
Flamma USA, the North American arm of the Italian CDMO, has completed the re-commissioning of the HPAPI suite at its site at Malvern, Pennsylvania, following an “exhaustive qualification” over the past six months.
Ascensus Specialties, a provider of speciality materials for life sciences and advanced technology, has followed up on previous acquisitions by buying fine chemicals manufacturer Wychem from private equity firm Aurelius, which had acquired it in 2016. The company employs 25 people at its site in the UK.
CEFIC has released the first in a series of studies about the likely impact of the EU Chemicals Strategy for Sustainability (CSS). It subsequently joined other industry leaders in calling on European Commission and EU Member State governments “to work together to develop an EU Chemical Industry Transition Pathway to sustain the massive investments required to meet the objectives of the EU Green Deal”.
Draslovka, a specialist in cyanide chemistry based in the Czech Republic, has completed the previously announced acquisition of Chemours’s Mining Solutions business for $521 million. However, its proposed acquisition of Sasol’s sodium cyanide business has been blocked by the South African competition authorities.