Bostik, a French adhesive manufacturing company owned by Arkema, has signed a purchase contract with Italian lamination machines supplier Nordmeccanica for an industrial laminator. According to Bostik, the acquisition will strengthen its global research and development (R&D) efforts on flexible lamination and diversify its offering of sustainable smart adhesive solutions further. According to Bostik, the […]
Givaudan said that it has invested in the Series A funding round of Next Beauty China, an incubator for emerging fragrance and beauty brands striving to grow in China. The Swiss manufacturer of flavors, fragrances and active cosmetic ingredients said that the investment relationship will utilize the respective capabilities of the two firms to support […]
British energy company Centrica has signed a binding 15-year sales and purchase agreement (SPA) for supplying 0.5 million tonnes per annum (MTPA) of liquefied natural gas (LNG) to Shanghai government-owned Shenergy Group. The agreed LNG deliveries are anticipated to begin in 2024. In January 2020, the two companies signed a heads of agreement, which is […]
Danone said that it is investing €100 million in China for bolstering its specialized nutrition business in China besides broadening and deepening its variety of nutritional products and services that are customized to Chinese health requirements, traditions and tastes. The French dairy giant will use the investment for opening an open-science research center in Shanghai, […]
SmartSens Technology has wrapped up its acquisition and merger with Shenzhen-based Allchip Microelectronics, a provider of CMOS image sensors for automotive applications. Financial terms of the transaction were not disclosed. Allchip Microelectronics is engaged in the design and development of CIS video sensing technologies. Its products, which include a series of SOC image sensors, are […]
Offshore drilling contractor Northern Offshore has bagged a contract from Qatar Petroleum for its GustoMSC CJ46 jack-up unit – Energy Embracer. Delivered from the Shanghai Waigaoqiao Shipyard in China in December 2018 to Northern Offshore, the Energy Embracer jack up rig has since been warm stacked, going through maintenance and inspections from the shipyard and […]
Ant Financial Services, a Chinese fintech company owned by Alibaba Group, has created a joint venture (JV) with The Vanguard Group, a US asset management company to offer retail investment advisory services in China. The joint venture will combine the technology of Ant Financial Services’ Alipay, a third-party mobile and online payment platform, with the […]
Chinese pharma company Kangpu Biopharmaceuticals said that it has wrapped up the first-in-human phase 1 clinical trial of CRL4-CRBN modulator KPG-818 in the US. KPG-818 is being developed for the treatment of systemic lupus erythematosus (SLE) or hematological malignancies. The single ascending dose (SAD) randomized, double-blind, placebo-controlled study assessed the safety, tolerability, and pharmacokinetics of […]
In a significant development within the pharmaceutical industry, Shanghai-based InventisBio has entered into a strategic partnership with Betta Pharmaceuticals Co., Ltd. to co-develop the promising lung cancer drug D-0316. Under this agreement, InventisBio has out-licensed the rights to D-0316 in China, Hong Kong, and Taiwan to Betta Pharmaceuticals Co., Ltd. in a deal valued at […]
Swiss automation company ABB will invest $150 million to build an advanced robotics factory in Shanghai, China where robots will be used for manufacturing robots. The advanced robotics factory known as Kangqiao manufacturing center will come up near ABB’s China robotics campus. Expected to commence operations by the end of 2020, advanced robotics factory will […]