Despite the shadow of an impending sale, German hydrocolloid
supplier Degussa is moving up a gear in the burgeoning Chinese
market, opening a new production unit to ramp up supplies to the
area, writes Lindsey Partos.
Flavours and texturants firm Degussa will shrug off its fruit
preparation business to an American equity company in a sale that
prepares the ground for a total divesture of its remaining food
ingredients unit.
Looking to new market gains in the UK, US and Australia German
ingredients group Degussa has revamped its line of bakery cream
systems to target food makers with a competitive package, writes
Lindsey Partos.
Looking to new market gains in the UK, US and Australia, German
ingredients group Degussa has revamped its line of bakery cream
systems to target food makers with a competitive package.
Building on a stronger start to the year, Germany's third largest
chemicals group reports continued growth into the second quarter
with an increase in demand pushing up sales and earnings for the
period, reports Lindsey Partos.
German speciality chemicals firm Degussa is investing €10 million
in a new research and development centre in Shanghai, where its
numerous business units, including food ingredients, will seek to
develop products targeted for the...
The international German mining and technology group RAG is to be
the new owner of Germany's third-largest chemical company, Degussa,
following news on Tuesday that the European Commission has approved
the acquisition.
Germany's third-largest chemicals company Degussa has taken a €500
million charge in its fine chemicals business unit as it continues
to feel the impact of adverse changes in market conditions.
Despite a testing global economic climate, sales remained steady
and earnings before interest and taxes rose for German speciality
chemicals company Degussa in the first quarter of 2003. But guarded
optimism remains for 2003.
