Evonik Industries said today that due to the coronavirus disease 2019 (COVID-19) outbreak, its contract manufacturer had to shut down its production facilities. Both production and shipping of the amino acid ThreAMINO are affected due to limited stock of the material being available.
DuPont and International Flavors & Fragrances (IFF) have announced the structure and executive leadership for the planned merger of IFF and Dupont's Nutrition and Biosciences (N&B) businesses in the first quarter of 2021. The organization will comprise four divisions. Taste, Food & Beverage will combine IFF's Taste division and N&B's Food & Beverage segment; Taste, Food & Beverage will represent approximately $6.1 billion in pro forma 2019 net sales for the combined company.
The worldwide market for feed additives in 2019 was estimated to be worth $18.3 billion, according to a recent report by IHS Markit. The market is forecast by IHS Markit to grow at an average annual rate of 3.6% during the period 2019–24, higher than the world's GDP growth per capita. That growth is being driven by the growing population and by the increasing wealth in developing countries, where people want to eat animal protein.
Mitsui & Co. (Tokyo) said today that it has reached an agreement to invest in Ceva Santé Animale (Libourne, France), a global animal health company. Mitsui says the deal marks the company's entry into the animal health industry.