NEWS
EuroAPI completes Focus-27 financing
French CDMO EuroAPI has completed and secured the financing of its ongoing Focus-27 strategic plan . The details comprise :
• An agreement with EuroAPI ’ s banking syndicate on a new secured € 451 million revolving credit facility , refinancing the existing revolving facility to mature in February 2029
• An investment by its former parent Sanofi of € 200 million in a perpetual deeply subordinated hybrid bond , which EuroAPI said that will give it “ additional financial flexibility ” to deliver Focus-27
• An agreement by Sanofi to reserve a minimum available capacity for five products manufactured by EuroAPI , for which it will pay € 18 million in 2H 2024 and € 36 million in 2025 . EuroAPI said that this would “ secure revenue and increase the five products ’ overall performance ” The company has also agreed to further amend the manufacturing and supply agreement it made with Sanofi in 2021 . This includes secured volumes for Sevelamer , which will “ provide further visibility ” to the activity of the site in Haverhill , UK , in the context of its divestment .
“ The completion of the financing is an instrumental step in the execution of EuroAPI ’ s strategic roadmap ” said CEO Ludwig de Mot ( pictured ). “ Combined with further developments in our commercial relationship with Sanofi , it opens a new chapter for our company and all its stakeholders .”
Fujifilm adds to semiconductor materials
Japan ’ s Fujifilm Electronic Materials is to invest about $ 140 million to enhance the development , production and quality evaluation functions for advanced semiconductor materials at two sites in Japan . This comes in response to growing demand for semiconductors in both volume and quality terms and follows the start-up of a CMP slurries plant at Kumamoto in January
At the Shizuoka site , the company will spend around about $ 91 million on a new building for advanced photoresists , including for extreme ultraviolet lithography , and for its Wave Control Mosaic products . Features will include a cleanroom and advanced inspection equipment . This scheduled to open in Q3 2025 .
At Oita , meanwhile , Fujifilm will spend about $ 49 million on another new building on land adjacent to the existing site in 1H 2026 . It will introduce additional production equipment and inspection devices to expand by 40 % its capacity for post-CMP cleaners . These are used to remove particles , minute metal fragments and organic residues after polishing with CMP slurry .
16 SPECIALITY CHEMICALS MAGAZINE ESTABLISHED 1981