Business News
Wednesday 30. April 2008

BASF sells its Shreveport site and related contract manufacturing business to Dr. Reddy’s Laboratories

BASF announced today that it has signed a definitive agreement to sell its manufacturing facility in Shreveport, Louisiana and the related contract manufacturing business for finished pharmaceuticals to Dr. Reddy’s Laboratories, an international pharmaceutical company headquartered in Hyderabad, Andhra Pradesh, India. Both parties agreed not to disclose financial details of the transaction, which is expected to close today.
Wednesday 30. April 2008

Catalyst pricing momentum offset by fibre challenges in Q1

Catalyst Paper posted a net loss of $37.4 million ($0.17 per common share) on sales of $399.5 million in the first quarter of 2008. This compared to net earnings of $12.4 million ($0.06 per common share) on sales of $381 million in the last quarter of 2007 – results that largely reflected favourable tax adjustments – and to a net loss of $25.6 million ($0.12 per common share) on sales of $478.1 million for the same period in 2007.

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