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The Exclusive Synthesis & Catalysts business unit of Germany based Degussa AG is setting up a R&D laboratory near Mumbai to carry out contract research for lab and kilo-lab samples and develop syntheses and processes for the Exclusive Synthesis business line during 2005. Degussa will invest โฌ1 M for Phase I development with the installation of the analytical and kilolab equipment in a 7000 sq ft facility. The company will appoint 15-20 chemists and technicians by the end of 2005. Degussa's Exclusive Synthesis & Catalysts business unit focuses on the custom manufacturing of chemical catalysts, advanced pharmaceutical intermediates, and APIs.
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For its fiscal 2004, the Catalysts Division of Johnson Matthey plc has reported turnover of ยฃ1143 M (ยฃ1083 M for its fiscal 2003) and operating profit of ยฃ109.2 M (ยฃ95.3 M). There is a detailed business review, covering: environmental catalysts & technologies, process catalysts & technologies, fuel
Johnson Matthey has completed the acquisition of the worldwide business of Lancaster