Issue Date: September 5, 2011
DSM, Sinochem Seal Antibiotics Deal
DSM and Sinochem have completed a 50-50 joint venture that will own DSM’s anti-infectives business, one of the world’s largest manufacturers of penicillin and other antibiotics. Under the agreement, first announced in December 2010, Sinochem paid about $300 million for its 50% stake in the business, which has annual sales of roughly $425 million and about 2,000 employees. It will be named DSM Sinochem Pharmaceuticals and will have headquarters in Hong Kong.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society