Page 168 - CW E-Magazine (19-3-2024)

News from Abroad

TOUGH TIMES
DSM-Firmenich completes divestiture of vitamin C

plant in China

DSM-Firmenich has announced pany had decided to accelerate a series specialty Quali-C from Dalry, UK only.
the successful sale and transfer of its of actions to restructure its vitamin The production of vitamin C in Jiang-
100% equity interest in DSM Jiangshan business, in a bid to lessen its exposure shan, which had already been signifi-
Pharmaceutical Co., Ltd. to Jingjiang to market and earnings volatility. cantly reduced since the end of 2022,
Cosfocus Health Technology Co., Ltd. was completely shut down in mid-May
Financial details of the transaction were One key part of the strategy was 2023.
not disclosed. restructuring of the vitamin asset foot-
print to reduce costs. This included The company had said that it is ex-
In June last year, in response to fur- the closure of the Xinghuo vitamin B6 ploring a range of options for the Jiang-
ther weaking of the vitamins market plant in China and the refocusing of the shan site including partnerships or the
affecting pricing and volumes, the com- company’s vitamin C activities on its repurposing of the manufacturing assets.

Univar and Arxada announce biocide distribution

partnership for Brazil

US-based distribution firm, Uni- formance additives tailored to preser- chemistries and launching innovative
var’s Brazilian arm, Univar Solu- vation and microbial control. products that prioritise sustainability
tions Brasil Ltda., has announced while remaining high performing,”
a new distribution agreement with “We are delighted to announce said Mr. Matthew Oliver, Global Vice
Swiss speciality chemicals firm, our partnership with Arxada in indus- President of Performance Materials
Arxada, for a full range of biocides, trial paints and coatings markets and for Univar Solutions. “Working with
preservatives, and performance addi- the lubricants space, focusing jointly speciality ingredient suppliers like
tives used in a variety of industrial on sustainability without sacrificing Arxada, we can offer customers the
applications. performance for our customers,” said latest guidance, bio-based materials,
Mr. Jorge Buckup, President of Latin and solutions such as corrosion inhi-
The new agreement strengthens America for Univar Solutions. bitors, antimicrobials, lubricants, and
Univar’ product offerings in Brazil’s other specialty additives to provide
paints, coatings, and lubricants mar- “We are committed to supporting efficacy in coating systems and mate-
kets by adding antimicrobials and per- manufacturers who are reformulating rial protection,” he added.

Shin-Etsu Chemical to double capacity for hypromellose

acetate succinate

Japan’s Shin-Etsu Chemical has pient hypromellose acetate succinate used, for example as tablet coating
announced plans to make investments (marketed under the name AQOAT) agents due to their recognition as being
to strengthen the pharmaceutical cellu- with a completion time of Q2, 2026. safe for the human body. AQOAT,
lose business. These investments will The estimated investment is Yen 10-bn which is used in enteric drugs to con-
be implemented in the Naoetsu plant (around $68-mn). trol the drug delivery target in the
(Joetsu city, Niigata Prefecture). human body, is a patented invention
Shin-Etsu Chemical’s pharmaceu- by Shin-Etsu Chemical as an enteric
The plan is to double the manufac- tical excipients are made mainly from coating agent and is supplied all over
turing capacity of pharmaceutical exci- plant-derived pulp and are widely the world.

168 Chemical Weekly March 19, 2024

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