Swiss pharmaceutical company Lonza has, on Feb 9, signed an agreement with private equity bidders Bain Capital and Cinven to divest its Specialty Ingredients business and operations for an enterprise value of CHF4.2 billion ($6.22 billion). Lonza’s Specialty Ingredients business is a leading provi...

Sunpower Group has secured two manufacturing and services (M&S) contracts worth RMB390 million ($80.5 million) on Feb 5. The contracts were signed with one of the group’s existing customers in the chemical industry.AdChoicesADVERTISING Under the contracts, Sunpower will supply condensers and r...

ENVIRONMENTAL solutions company Sunpower Group said on Friday that it has won two manufacturing and services contracts worth 390 million yuan (S$80.6 million) from an existing customer in the chemical industry.

Cashed-up buyers, low liquidity and bashed-up valuations for cyclicals are driving Singapore’s economy, particularly leading to a wave of privatisation here, say CGS-CIMB Research analysts Lim Siew Khee and Cezzane See. Lim and See’s Jan 22 note comes on the back of a “flurry” of corporate t...

Leader Environmental Technologies says it has entered into a joint venture (JV) agreement with Nanosun to set up high performance membrane manufacturing facilities in Singapore and China. Leader Environmental Tech will own 60% of the JV. Nanosun will own the remaining 40%. The total investment in th...

As China continues its rapid recovery from Covid-19 lockdowns, strong demand for dimethylformamide (DMF) is likely to benefit SGX-listed Chinese chemical firm Jiutian Chemical.  With DMF’s ASP rising from RMB 4,512/tonne ($919.26) in 2QFY2020 to RMB5,925/tonne in 3QFY2020, UOB Kay Hian analys...

UOB Kay Hian analyst Clement Ho has initiated coverage on specialty chemical producer China Sunsine Chemical Holdings with a “sell” recommendation and a target price of 31 cents. The recommendation comes as selling prices of rubber accelerators, the main earnings driver for the company, remain l...

SEOUL: North Korean leader Kim Jong Un attended a meeting of the politburo of the country's ruling Workers Party, where economic projects including the chemical industry were discussed, state news agency KCNA said on Monday (Jun 8). The two-day meeting comes at a time of economic uncertainty amid ....

SINGAPORE (June 5): Advanced Holdings has disposed of its entire 85% stake in ZMK Technologies (ZMK) for a total consideration of €1.4 million (S$2.1 million) on Thursday. Following the completion of the disposal, ZMK will cease to be a subsidiary of Advanced Holdings. The German-incorporated ZMK ...

SINGAPORE (Mar 9): Oil prices suffered the greatest price collapse since 1991 after Saudi Arabia ignited a price war with Russia following the latter’s refusal to join production cuts with OPEC.  Shortly after the opening bell, the international benchmark Brent crude, plunged from US$45 a barrel...