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Investment

Japanese firms invest in pharmaceutical chemicals

by Michael McCoy
April 7, 2022 | A version of this story appeared in Volume 100, Issue 12

 

Two Japanese chemical companies are increasing their presence in the active pharmaceutical ingredient (API) business. Sumitomo Chemical says it will build a third plant in Japan—this one in Oita City—for small-molecule APIs and intermediates. The firm says the project will enhance its leading position in Japan. Meanwhile, AGC says it will spend $100 million to expand its small-molecule API plant in Malgrat de Mar, Spain. AGC acquired the facility in 2019.

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