DuPont will acquire FMC’s health and nutrition business and divest part of its crop chemical business in what it says is “a meaningful step forward” for the proposed DuPont and Dow merger.
More deals in the mould of Danisco-DuPont could be feasible, as analysts predict other ingredient firms with small bio-business, such as CSM, will generate acquisition interest.
UK consumer advocacy group Which? has launched another scathing attack against food manufacturers who, it says, are acting irresponsibly by freely interpreting labelling guidance.
Cognis claims to have steered a steady course through last year’s economic upheaval. But despite a return to profitability, the downturn took its toll on nutrition and health and care ingredients sales.
DSM Food Specialties says it has developed a new enzyme preparation which will offer bread manufacturers a "cost-effective and sustainable alternative" to emulsifiers CSL and SSL (calcium and sodium stearoyl lactylate).
Chemical industry representatives have vigorously denied allegations that it used dirty tricks to convince Californian lawmakers not to pass a bill to ban bisphenol A (BPA).
The bid to pass a law banning bisphenol A (BPA) in California failed on Friday triggering a bitter backlash from it supporters who accused the chemical industry of dirty tricks in order to defeat the measure.
Chinese companies accused by Tate & Lyle of infringing its
patented sucralose manufacturing technology have hit back at the
allegations, pledging to vigorously defend themselves.
Sales are down but profits have perked up for chemical giant
Imperial Chemical Industries (ICI) with National Starch bringing a
considerable chunk to the growth.
Disappointing figures from flavours company Quest pulled an already
less than dazzling set of third quarter results down further for UK
chemical group ICI hit by a continuing malaise in US and European
sales. National Starch figures...
Dutch industrial chemicals maker DSM said on Monday its profit in
the second quarter had fallen 75 per cent lower than in the same
period in 2002, as lower sales volumes and falling prices hit the
chemicals market.
German speciality chemicals company Degussa sees a downturn in
profits and sales as it fails to realise the potential of its
restructured activities in the current economic climate.
In a bid to improve its focus and accelerate growth from January
2003 UK chemical compny Croda International will have a new name
and a new structure to its European chemicals operations.
DSM Special Products, a part of Dutch-based DSM Fine Chemicals
group, announced this week that it has started producing benzoic
acid products, Purox B and Purox S, at its new facilities in
Rotterdam (Netherlands).
German chemicals group Bayer AG is edging towards a deal to buy the
agrochemicals arm of Franco-German drugs group Aventis SA for
around Euro 7.25 billion, including debt.