Company Announcements In August, Danaher acquired Hangzhou Dingli Environmental, a Chinese distributor of Hach products for online water quality instrumentation. In September, Pall announced that its New England Life Sciences Center of Excellence in Westborough, Massachusetts, will open in spring 2013. The 113,000-square-foot facility will provide a range of process solutions. Existing operations in Northborough, […]
For some of the acquisition reported in IBO over the last year, purchase prices were not available at the time of the announcement. The table below shows the prices for acquired companies that were later disclosed in regulatory filings or company reports. Bio-Rad Laboratories also disclosed in its third-quarter regulatory filing that it paid $5 […]
India’s chemical industry was valued at $108.4 billion in 2010. The chemical and petrochemical sectors account for about 3% of the country’s GDP and are expected to have grown 8.0% and 12.6%, respectively, from 2007 to 2012 under India’s 11th Five-Year Plan. In 2011, chemical production increased 6.6% to 8.0 million metric tons (mmt). Production […]
France’s Minister of Higher Education and Research Geneviève Fioraso reinstated the country’s Operation Campus program in October. The program was first announced in 2007 to increase the competitiveness of French universities (see IBO 7/15/08). Under the plan, pôles de recherche et enseignement supérieur (centers for research and higher education), clusters of universities, grandes écoles (“higher […]
Global pharmaceutical sales increased 7.8% to $1.08 trillion in 2011. Pharmaceutical sales in BRIC countries grew 22.6%. The US, Europe’s “Big 5” (France, Germany, Italy, Spain and the UK) and Japan, which PricewaterhouseCoopers classifies as the main pharmaceutical markets, accounted for 59% of sales. PwC predicts that these markets will increase their shares of generics […]
Spain’s pharmaceutical R&D spending dropped 5.3% to €974 million ($1.3 billion) in 2011, which is the lowest amount since 2007. In 2010, pharmaceutical R&D spending increased 6.5% to €1.0 billion. Spending on clinical trials accounted for 48% of R&D spending, and basic research represented 14%. Fourteen percent of pharmaceutical R&D spending in 2011 was for […]
In its 2012 “World Oil Outlook,” OPEC forecasts that world oil demand will reach 92.9 million barrels per day (bpd) by 2016, which is about one million less bpd than it predicted in last year’s report. About 70% of the demand will come from developing Asia. This year, world oil demand is expected to increase […]
The World Steel Association’s “Short Range Outlook” for 2012 and 2013 forecasts that worldwide apparent steel use, which it defines as deliveries minus net exports of finished steel products, will increase 2.1% in 2012, down from 6.2% growth in 2011. Worldwide apparent steel use is slated to increase 3.2% in 2013 to 1,455 million metric […]
Despite weak academic and government spending, third-quarter IBO Laboratory Sales Index grew 1.2%, 3.8% excluding currency, to $5,839 million. Operating profit improved 1.4% to $1,165 million. Based on continuing operations, operating margin was unchanged at 18.8% of sales. For the three companies that did not report earnings before this issue’s publication (Agilent Technologies, Spectris and […]
Santa Clara, CA 11/14/12—Agilent Technologies’ Board of Directors has appointed Ron Nersesian president and COO, effective immediately. “Over the past year as COO, Ron made significant strides in increasing the profitability of our life science and chemical analysis businesses even as we navigated through a difficult economy,” stated Agilent CEO Bill Sullivan.
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IBO (Instrument Business Outlook) is a twice-monthly newsletter aimed at providing decision-makers with the latest and most complete information available on the life science and analytical instrument industry, and lab product markets. IBO delivers the latest curated industry news, information and trends, as well as SDi data and analysis to deliver the maximum in industry insight with a minimum time investment for executives and investors.
