23 December 2002 23:30 [Source: ICIS news]
HOUSTON (CNI)--Specialty chemicals manufacturer Albemarle said Monday it is regrouping its contract research, custom manufacturing and intermediates businesses to form a new business unit targeting pharmaceutical and agricultural markets.
Richmond, Virginia-based Albemarle said the new fine chemistry services and intermediates unit also will include its five multipurpose production sites at Baton Rouge, Louisiana; Dayton, Ohio; Tyrone, Pennsylvania; Thann, France; and, Teesport, England.
The unit will offer Albemarle's agricultural and pharmaceuticals customers "global services and products from initial bench research to piloting and commercial production."
John Nichols, vice president for fine chemicals at Albemarle, said: "We will commercialise all new products in existing Albemarle assets, lowering capital costs and allowing flexible production schedules."
Albemarle has two business segments, polymer chemicals and fine chemicals. The latter has custom manufacturing services for the life sciences market.
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