DSM And North China Sign Antibiotics Pact | March 23, 2009 Issue - Vol. 87 Issue 12 | Chemical & Engineering News
Volume 87 Issue 12 | p. 23 | Concentrates
Issue Date: March 23, 2009

DSM And North China Sign Antibiotics Pact

Department: Business

DSM has signed contracts with North China Pharmaceutical Group Co. regarding the establishment of three joint ventures in the areas of nutritional products and anti-infectives. DSM will buy a 10% stake in NCPC. The two firms will form a vitamin C joint venture in which DSM holds a 30% stake and two bulk antibiotics joint ventures, each 51% owned by DSM. In all, DSM will invest about $110 million. DSM has long sought a partner for its anti-infectives business. It signed a preliminary agreement with NCPC in 2004.

 
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