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Johnson Matthey says it will close its drug chemical plant in Conshohocken, Pa., by the end of the year, claiming the facility does not comport with a focus on “complex, high-value, low-volume specialty products” in its health care business. The British firm more than doubled its controlled-substance manufacturing capacity when it acquired the plant from Lonza in 2011. The closure will eliminate 80 jobs, according to Matthey.
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