In the fourth quarter of 2023, BASF initiated the process to sell its shares in the two joint venture companies Markor Chemical Manufacturing and Markor Meiou Chemical in Korla, in the center of the Xinjiangin Uyghur Autonomous Region in China. The chemical company justifies this step with sustainability efforts and...
First the German Packaging Award 2023, now the Worldstar Packaging Award: the two Südpack packaging concepts “Tubular Bag PurePE” and “PharmaGuard” are among the winners of the global competition, which honors the best of the best in packaging innovation every year. Both solutions are based on mono-material structures...
A strong Swiss franc as well as the decline in sales in the coronavirus business and strong competition from generic products have impacted Roche in 2023. In the past financial year, the pharmaceutical company recorded sales growth of one percent at constant exchange rates to CHF 58.7 billion. This increase in sales...
Novartis closed both the fourth quarter and the financial year in the new constellation of its continuing operations with solid growth in sales, operating income and profit. Net sales in the fourth quarter amounted to 11.4 billion dollars, an increase of eight percent. The result was characterized by volume increases...
At Chinaplas, which takes place from 23 to 26 April 2024, Arburg will present itself as a comprehensive technology and system partner for the efficient production of plastic parts. The focus will be on applications for the automotive and medical industries. Three Allrounder exhibits will demonstrate the fully automatic...
The Wittmann Group is strengthening its market presence in Southeast Asia by establishing its own sales and service branch in Vietnam. "Vietnam continues to gain in importance as a production location for the injection moulding industry," emphasizes Michael Wittmann, owner and Managing Director of the Wittmann Group. "...
According to the BASF Group, sales for the full year 2023 are expected to amount to €68.9 billion. This figure is below BASF's forecast range of €73 billion to €76 billion and below analysts' average estimates for 2023. Sales in the previous year 2022 amounted to €87.3 billion. Income from operations (EBIT) before...
As a globally active Contract Development and Manufacturing Organization (CDMO), Vetter has joined the German Association of Research-Based Pharmaceutical Companies vfa as an associate member. With this special membership, the vfa recognizes the significant role that the pharmaceutical service provider plays in the...
Pharma and recycling expansion, new markets and products: Alpla invested in further development and growth in 2023. The global packaging and recycling specialist closed the financial year with turnover of €4.7 billion. Lower material and energy costs paired with exchange rate factors resulted in a moderate drop in...
Nestlé Vietnam has announced a $100 million investment to increase production capacity of its Tri An coffee factory, located in the southern province of Đồng Nai. This will help the company meet growing local and international consumer demand for high-quality coffee.
