24 March 2003 00:00 [Source: ICB Americas]Solvay Inks Polymer Expansion
Solvay Advanced Polymers LLC has completed its previously announced plans to expand of production capacity at its sulfone polymers plant in Marietta, Ohio, and its sulfone monomer plant in Augusta, Ga.
Peakdale Seals Pfizer Deal
Peakdale Molecular Ltd. has entered into a multiyear agreement to provide contract discovery chemistry services to Pfizer Inc. The compounds, synthesized by Peakdale, will augment Pfizer's existing internal drug discovery programs.
Dragoco, H&R Select New Name
Flavor and fragrance producers Dragoco and Haarmann & Reimer have chosen a new name: Symrise, which merges the entities' former symbols, the dragon and the hummingbird.
BioPort Buys Antex Biologics
BioPort Corp., which makes an anthrax vaccine BioThrax, has agreed to acquire Antex Biologics Inc., a company developing vaccines and antibiotics, for $3 million. Antex has strategic alliances with GlaxoSmithKline PLC, Aventis and the Department of Defense.
Ethyl Bills Albemarle For Asbestos Liability
Ethyl Corp. has billed Albemarle Corp. for $3.7 million related to asbestos liability obligations. In a Securities and Exchange Commission filing, Ethyl claims Albemarle is responsible for certain current and future liability claims under an indemnification agreement between the parties dated as of February 1994.
Degussa Purchases Admix
Degussa AG is acquiring the admixtures business of Schwenk Zement KG of Ulm, Germany, and its company, Woermann Betonchemie, based in Darmstadt, Germany. Woermann Betonchemie had sales of 20 million ($21 million) in 2002. Its foreign subsidiaries are located in Cracow, Poland, and the Czech Republic.
DuPont Forms Photonics
DuPont has formed DuPont Photonics Technologies LLC to provide integrated photonic devices for optical networks for the telecommunications industry. The new business is part of DuPont Ventures.
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