Europe in Brief

18 May 1998 00:00  [Source: ICB Americas]

ALIPHARMA, the US specialty generics and proprietary pharmaceuticals company, is buying Arthur H. Cox & Co., a Hoechst generics subsidiary with annual sales of £53 million ($88 million). Cox is based in the UK and has marketing operations in the Netherlands, Belgium and Scandinavia.

DYNO Industrier is negotiating a management buyout of its plastics processing business to enable it to concentrate on the expansion of its explosives and chemicals operations.

ELF ATOCHEM has agreed to partner with China's Gaoyuan Organic Powder Plant for copolyamide powders facilities to be located in the Pudong area of Shanghai and the Changshu complex in the Jiangsu Province. Atochem will hold an 80 percent stake in the venture.

KEMIRA is planning to invest FM 150 million ($28 million) to expand its ammonia plant at Rozenburg, Rotterdam, while at the same time raising energy efficiency and reducing CO2 emissions. The project will include the building of a hydrogen carbon monoxide facility and a combined heat-cycle power plant.

PAKHOED and Van Ommeren, which are merging their oil and chemicals distribution operations, have told the European Commission that to comply with competition regulations they are willing to divest two tank terminals in Rotterdam and Van Ommeren's 50 percent stake in an Antwerp terminal.

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