Archives for May 30, 2010

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Lanxess’ ‘Aromatics Network’ receives €35m injection

By Wai Lang Chu

Lanxess has signalled its intentions for the future by investing €35m ($43m) to expand its German Basic Chemicals business unit in a move that is set to make the firm one of Europe’s biggest active pharmaceutical ingredients (API) producers.

Satyam wins 5 year GSK extension

By Gareth Macdonald

The business process outsourcing (BPO) unit of Indian IT services firm Mahindra Satyam has had its contract with GlaxoSmithKline (GSK) renewed for another five years.