WuXi PharmaTech Signs VMI Agreement with BASF
WuXi
PharmaTech's rapidly expanding line of services ranges from early stage
discovery chemistry
through lead optimization chemistry, all the way to
process research + development and bulk manufacture
of active pharmaceutical
ingredients. Its operating companies manufacture basic products for a
variety
of global industries including chemicals, plastics, automotive,
aviation, footwear, paints and coatings
, construction, technology,
agriculture, health care, textiles, detergent, personal care, furniture
,
appliances and packaging.chemical toiletries
This deal is a milestone for us and we encourage
other vendors to
follow suit. Significant risks and uncertainties may
relate to, but are not limited to, financial
, economic, competitive,
environmental, political, legal, regulatory and technological factors.marketplaces resins
"We currently have polyetheramine production facilities in Conroe, Texas
and Llanelli, Wales.
explosives catalysts
com
Web: http://www. The company assumes no obligation to provide revisions to any
forward
-looking statements should circumstances change, except as otherwise
required by securities and other
applicable laws.adhesives intermediates
The VMI arrangement with BASF will
reduce such lead-time and minimize demand and
supply uncertainty for both BASF
and WuXi PharmaTech. Again, this agreement demonstrates our
determination
to serve "our customers better". The forward-looking statements in this release are subject to
uncertainty
and changes in circumstances and involve risks and uncertainties
that may affect the company's operations
, markets, products, services, prices
and other factors as discussed in the Huntsman companies' filings
with the
Securities and Exchange Commission.respectively adhesives
WuXi PharmaTech regularly purchases chemicals
and
reagents from vendor catalogs.pigments explosives
WuXi PharmaTech's strong capabilities and
impressive track record
enable the Company to provide a broad spectrum of
integrated development services from milligram
to metric ton scaled active
pharmaceutical ingredients, intermediates and raw materials.focussing intermediates
, Ltd.pharmatechs
.
Accordingly, there can be no assurance that the company's expectations will be
realized.dyes adhesives
all
provide their products and services to
WuXi PharmaTech.
BASF is the world's leading chemical
company. Importantly, it also allows
them to take full advantage of the lower research costs in
China.catalysts petrochemicals
Ge Li, the Chairman + CEO of WuXi PharmaTech, commented ''The
agreement on vendor managed
inventory is a win-win solution for both BASF and
WuXi PharmaTech. THE WOODLANDS, Texas, Peter
R.adhesives diversified
offers global pharmaceutical /
bio-pharmaceutical companies diverse outsourcing services in combinatorial
,
medicinal, synthetic chemistry and manufacturing.com.respectively diversified
However, many must-have reagents and chemicals
have to be
shipped from overseas and thus have long lead-time, an issue that WuXi
PharmaTech has
been trying to solve. As a reliable partner to virtually
all industries, BASF's intelligent solutions
and high-value products help its
customers to be more successful.
Tel: +86-21-5046-4002
Fax: +86-21-5046-1000
Email: zeng_bei@pharmatechs.pigments diversified
Such an agreement precisely reflects
the customer-
centered business ethic and excellence that WuXi PharmaTech embodies. In 2004, BASF
had approximately 82,000
employees and posted sales of more than
Dr.
Huntsman is
a global manufacturer and marketer of differentiated and
commodity chemicals.
resins respectively
and BASF
agreed on a vendor managed inventory (VMI) system for
selected inorganic specialties, which will
set up a consignment-based vendor
stock at WuXi PharmaTech.chemical focussing
Cuts Shipping Days
From Seven to Zero
SHANGHAI, China, April 13 /Xinhua-PRNewswire/ -- Recently, WuXi PharmaTech
Co. Companies like Acros, Adrich, Lancaster,
TCI, Fisher Scientific and etc.Huntsman to Build
Polyetheramine Manufacturing Facility in Singapore
Huntsman commented, "Our construction of this
new facility is
consistent with our corporate strategy of selectively investing in our
differentiated
businesses, and will help us to meet the rapidly growing demand
for polyetheramines, especially in
the critical Asia/Pacific region."
Key polyetheramines applications include epoxy coatings, concrete
additives, organic pigments, fuel and lube additives, and herbicides and
pesticides.catalysts diversified
adsorbents toiletries
toiletries biochemical
With
the expanding of business and the setup of a new GMP plant in
Shanghai, WuXi PharmaTech is poised
to achieve high growth and attract more
collaboration partners; one representative of such is BASF
. The consignment arrangement not only eliminates our order
fluctuation for BASF, but also, more
importantly, ensures our service
commitment to WuXi PharmaTech's customers by allowing us to cut
the usual
seven shipping days to zero. Currently, WuXi
PharmaTech's client list includes over
60 leading drug discovery companies
covering a majority of the world's largest pharmaceutical companies
.coatings focussing
"
About WuXi PharmaTech
Shanghai-based WuXi PharmaTech Co.com
http:
//www.
The company expects the facility, which will have an annual capacity of
approximately
30 million pounds, to be operational in the first quarter
of 2007.5 billion.
Statements
in this release that are not historical are forward-looking
statements.The Chemicals category focuses
on industries and companies engaged in chemical manufacturing, including:
Basic organic
and inorganic chemical compounds, resins, additives, pigments, dyes, and petrochemicals which are generally
used as raw materials for other chemical products,
Intermediate and end products for both industrial
and consumer use, including cleaning agents, adhesives and coatings, and agricultural chemicals,
Synthesis of polymers and plastics, as well as companies which provide contract processing such as
extrusion or molding,
Support industries such as producers of chemical manufacturing equipment
as well as associations, wholesalers, importers, and media companies focussing on chemical sectors
Sites not listed in this category include:
Topics related to scientific or academic
aspects of either chemistry or chemical engineering are organized in Science: Chemistry and Science:
Technology: Chemical Engineering, respectively.
dyes focussing
pharmatechs-us.com
http://www.
Pharmaceuticals are listed in Business: Biotechnology and Pharmaceuticals: Pharmaceuticals.
chemicals adhesives
With the
addition of a new GMP plant at Jinshan in Shanghai,
WuXi PharmaTech has further increased its bulk
production capacity to meet
rapidly growing customer demand.
For more information, please
contact:
Bei Zeng, PR Department,
WuXi PharmaTech Co.
Huntsman, President and
CEO of Huntsman Corporation (NYSE: HUN) today
announced the company plans to build a world scale
polyetheramine
manufacturing facility in Jurong Island, Singapore. These statements are based on
management's current beliefs and
expectations.
biochemical adhesives
toiletries chemical
newscom.
Mr. Completion of the
Singapore plant will increase our
capacity by approximately 25% and give us a truly global platform
for the
manufacture and marketing of this specialty product. Originally known for pioneering innovations
in
packaging, and later, rapid and integrated growth in petrochemicals, Huntsman
today has 11
,300 employees, 57 operations in 22 countries and had 2004
revenues of $11.explosives pharmaceuticals
, Ltd. With an on-site
BASF managed inventory, researchers
at WuXi PharmaTech will be able to get reagents from BASF's wide
portfolio of
Boron Chemicals and Strong Bases without worrying about delivery uncertainty
and
lead-time.
(Logo: http://www.com/cgi-bin/prnh/20040705/CNM002LOGO )
As a chemistry-based
R+D service company, WuXi PharmaTech strives to
provide high quality and timely services to global
pharmaceutical and
biopharmaceutical companies. Its portfolio ranges from
chemicals, plastics
, performance products, agricultural products and fine
chemicals to crude oil and natural gas., Ltd
.inorganic pharmaceuticals
pharmatechs.cn
inorganic dyes
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