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Croda plans strategic review of chemicals

Croda International is to conduct a strategic review of its Performance Technologies and Industrial Chemicals (PTIC) businesses during 2021, to decide on the best ownership structure going forward. Full or partial divestment and a spin-off are all options, the company said.

Croda top for sustainability

Croda International has come first in the Most Sustainable International Company rankings for companies headquartered outside the US. Calvert Research and Management, a responsible investment management firm, carried these rankings out for financial news source Barron’s. It analysed more than 230 key performance indicators of environmental, social and governance performance.

Croda has acquired Iberchem

Croda International has acquired Spanish-based flavours and fragrances (F&F) firm Iberchem from Eurazeo in a €820 million deal. This takes the company into F&F for the first time. It will be funded by existing debt facilities and a £600 equity placing, representing about 8% of Croda’s issued share capital.

Croda, Novasep part of key COVID vaccines

Both Croda International and Novasep are involved in some of the vaccines nearing approval for use in the treatment of COVID-19 it has emerged. This follows on from many other announcements of development agreements involving other fine chemical companies earlier in the year.

Croda begins building North America HQ

Croda International has started construction on its North American headquarters and innovation centre near Princeton, New Jersey. Due to be completed before the end of 2020, this will bring together commercial and technical teams from across its business areas, enabling Croda to further optimise collaboration with customers in North America.  

Croda begins building North America HQ

Croda International has started construction on its North American headquarters and innovation centre near Princeton, New Jersey. Due to be completed before the end of 2020, this will bring together commercial and technical teams from across its business areas, enabling Croda to further optimise collaboration with customers in North America.  

Three announce care centres

Three major players in speciality chemicals have opened or announced plans for technology centres focused on consumer or personal care in the past month. Clariant and Brenntag will both have new ones located on the US East Coast, while Croda has opened two separate, focused locations in France and Singapore.

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