11 September 2005 00:15 [Source: ICIS news]
Katrina prompts force majeures
Force majeures rippled through the ?xml:namespace>
A significantly scaled-down Phoenix Project has been unveiled by Mexican President Vicente Fox, following difficulties securing favorable long-term feedstock contracts for its partners.
GSK caches flu shot maker
GlaxoSmithKline continued its aggressive pursuit of a top slot in the flu vaccines arena last week with its $1.4bn bid for Vancouver-based ID Biomedical Corp. The acquisition, already cleared by each company’s board of directors and expected to close in late 2005 or early 2006, will bring GSK vaccine operations in both the
Katrina snags logistics
Most major ports along the US Gulf Coast sustained little damage from Hurricane Katrina, but port operations remained limited late last week because of the lack of power and personnel. Railroads continued to rebuild. Only two Gulf ports were listed as “closed,” according to the US Coast Guard - the
Eastman mulls world’s largest PET plant
Construction of Eastman Chemical Company’s $100m, 350,000 ton/year PET (polyethylene terephthalate) plant in
In the News
Nova to make Arcel in China
Nova Chemicals Corp. has entered into a long-term tolling agreement with Loyal Chemical Industrial Corp. to produce Arcel moldable foam resin near
Engelhard buys Almatis unit
Engelhard Corp. has acquired Almatis AC, the adsorbents and catalyst business of Almatis Group. The deal strengthens Engelhard’s leadership position in moisture control and purification for the hydrogen peroxide, petroleum refining and petrochemical industries, adding high-purity alumina products, catalyst supports and alumina-based adsorbents and dessicants to its portfolio.
Andrx on hold after FDA action
Generic drug maker Andrx said last week that ongoing manufacturing issues have caused the Food and Drug Administration to put on hold the approval of its abbreviated new drug applications. The news pushed shares down by 17% to $14.89.
LG Dow boosts polycarbonate
LG Dow Polycarbonate Ltd., a 50-50 joint venture between Dow Chemical and LG Chem, is set to begin construction on a second, 65,000 tonne polycarbonate (PC) train in
Katrina causes pricing havoc in Europe
Hurricane Katrina has brought about a step change in pricing that market players believe is going to last for some time. After prices for European commodity chemicals initially shot up, they are now on a high, yet stable level, with players waiting to see what Gulf Coast facilities will come back on stream, and when.
Katrina jolts commodity prices
Pharma M&A remains robust
Biotechs expand Rituxan potential
Sales stale for soy foods
Chemtura lights fire under FRs
Water treatment swells in
Lurgi rides the biodiesel wave
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