Minafin reorganises itself
As “part of its strategy to meet the evolution of customer needs in fine chemicals and services”, the Minafin Group has reorganised itself into three divisions, each with its own CEO, with effect from 1 October. They are:
* Health Chemistry, comprising the pharmaceutical activities of Minakem CDMO, Minakem Generics and HPAPIs, led by a CEO who is as yet unannounced
* Green Chemistry, comprising the mainly non-pharma activities of Pennakem, Minasolve, Minagro and EcoXtract, under Gust Desmedt
* Challenging Chemistry, made up Minascent Technologies and Pressure Chemicals, both dedicated to atypical and niche chemical processes, led by Dale Fannin
“The group has been reconfigured to focus resources on key expertise; to strengthen the skills and talent of its teams in accordance with the evolution of market needs. Each division will concentrate efforts on customer relations, while making strategic inroads internationally,” Minafin said.
Turnover has increased steadily in recent years, reaching €243 million in 2020. Minafin is now looking to expand its global footprint and believed it was necessary “to focus resources on key expertise” and “strengthen the skills and talent of its teams in accordance with the evolution of market needs” in order to do this.