Pfizer looking to sell German plant by Q4
23 January 2007 21:11 [Source: ICIS news]
TORONTO (ICIS news)--US pharmaceuticals major Pfizer is looking to sell its Germany-based Heumann PCS site by the fourth quarter of 2007, the company said in a statement on Tuesday.
The company will start the process of finding a buyer for the site at Feucht in
The site was profitable and had good prospects, Pfizer added, but did not disclose the sales prices it is looking for.
The Feucht site employs 420 people and is focused on active pharmaceutical ingredients (API), fine chemicals and contract manufacturing, according to the Heumann PCS website.
The sale is part of Pfizer’s plan to cut costs and reduce its global workforce.
By: Stefan Baumgarten
+1 713 525 2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 23 Jan 07 09:49 Pfizer to cut 10,000 jobs worldwide
- 04 Dec 06 23:29 Pfizer terminates heart drug
- 28 Nov 06 17:05 Akzo to pursue IPO despite Pfizer drug pull-out
Latest News
- 20 Jun 13 12:29 EU styrene acrylonitrile imports up 44% year on year in March
- 20 Jun 13 12:24 Moody's upgrades outlook of chemicals distributor Brenntag
- 20 Jun 13 12:23 Novapet's Barbastro PET plant on track for commercial product by July
- 20 Jun 13 12:17 EU chemicals volumes slump in April, says analyst Bernstein
- 20 Jun 13 12:10 EU March liquid caustic soda exports fall 29%, imports up by 18%