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.
In a pre-close trading update for the financial year ended 31 March 2021, Johnson Matthey (JM) CEO Robert MacLeod revealed that: “We have commenced a strategic review of Health, as we continue to focus resources to maximise value for our shareholders”.
China’s State-owned Assets Supervision & Administration Commission (SASAC) has approved the long-planned merger of Sinochem and ChemChina. Partly to alleviate competition concerns, they will operate as separate subsidies of a newly created holding company owned by SASAC.
The five-month saga in which activist shareholder 40 North Management has sought to take over W.R. Grace & Co. appears set to be resolved one way or another after 40 North made what it described as its “best and final” offer of $70/share on 7 April.
DSM has agreed to acquire the biobased flavour and fragrance (F&F) intermediates business of synthetic biotechnology company Amyris. This comprises seven products, of which four are “already generating meaningful sales”, two newly launched and one under development.
German CDMO KD Pharma, which is one of the world’s largest producers of omega-3 fatty acids has acquired the assets of former CDMO RohnerChem at Pratteln, near Basel, Switzerland (pictured), and hired some of the former team. Terms were not disclosed.
Lanxess has announced that it will be entering the battery chemistry business from 2022. It will produce electrolyte formulations for lithium-ion batteries for China’s Guangzhou Tinci Materials Technology using a plant operated by Saltigo in Germany. Further details were not disclosed.
Archroma and Huntsman Textile Effects have both announced alliances in textile technology. The former has joined Jeanologia to launch the Pad-Ox G2 Cold dyeing process, while the latter has formed a strategic partnership with Sciessent in antimicrobial and odour-control technology.