Company Dynamic

South Korean multinational food and beverage firm Nongshim, which has a range of plant-based products, is to invest €6.9m ($7.4m) in food tech such as vertical farms and cultivated meat.

• plant-based additives
• food tech

The new Responsible Sourcing Report outlines the company’s developments and achievements and extends the focus beyond palm (kernel) to coconut oil, castor oil as well as bio-based active ingredients.

• bio-based active ingredients
• BASF
• Cosmetics New Ingredients
• Sustainability Natural Cosmetics
• coconut oil

In recent news, Eli Lilly announced its plans to invest $2.5 billion in building a production facility in Germany to meet the growing demand for its diabetes and obesity medications.

• Eli Lilly

BeiGene recently announced that the European Commission (EC) has granted marketing authorization for Brukinsa® (zanubrutinib) in adult patients with relapsed or refractory (R/R) follicular lymphoma who have received at least two prior systemic therapies.

• BeiGene

Last week, the domestic market for Bisphenol A (BPA) experienced a slight increase. The price of BPA started the week at 9,500 yuan/ton and rose to 9,600 yuan/ton by the end of the week, with a 1.05% increase.

• bisphenol A

The Maqnum, Wall's, and Ben & Jerry's owner is reformulating its ice creams towithstand warmer temperatures, and wants others to do the same.

• Dairy-Based Ingredients
• Proteins
• Innovation And NPD
• Sweeteners

An agreement with SaaS company Sustained has made it possible for animal protein-level environmental footprint data to be translated into product-level lifecycleassessments for consumer food products, such as milk, eggs, fish, and meat.

• Food Production
• animal protein

Tianjin Bohai Petrochemical Co., Ltd. is a wholly-owned subsidiary of Tianjin Bohai Chemical Co., Ltd., with a registered capital of 2.48 billion yuan.

• Tianjin Bohai Petrochemical
• Bohai Chemical

Hair care brand Odele gains investment from Patrick Ta Beauty backer, investment from Stride Consumer Partners will go towards marketing, talent and product innovation

• Investment Trends of Large Cosmetics Chemical Companies

Grupo Boticário’s VC arm backs skin care try-on tool maker Haut.AI. The $2 million in seed funding from the Brazilian group and LongeVC will help expand and scale personalisation software and AI for skin analysis

• Investment Trends of Large Cosmetics Chemical Companies

China agrochemical industry weekly

• Chlorfenapyr
• Bisulflufen
• Fluazinam

AgCrest, a joint venture of AutoPak and Elders, has received approval to build a large-scale agrochemical production and distribution facility in Toowoomba. The facility will significantly increase domestic chemical production to secure supplies for the a

• AutoPak
• Pesticide
• agrochemical

To broaden financing channels and improve financing structure, Qianjiang Biochemical announced on the evening of November 16 that the proposed non-public issuance of corporate bonds will not exceed 600 million yuan to supplement working capital

• Biochemical
• agrochemical
• Pesticide

Catalent, the global CDMO (Contract Development and Manufacturing Organization) giant, recently disclosed its financial results for the first quarter of the 2024 fiscal year (reporting period: July 1, 2023, to September 30, 2023).

• Catalent

International coatings giant AkzoNobel recently announced the launch of an industry-first architectural powder coating that can be cured at temperatures as low as 150°C while still being Qualiccoat Level 1 certified.

• AkzoNobel
• architectural powder coating

Nippon Paint, which has been China's paint sales champion for 25 consecutive years, has always attached great importance to the development of its retail business and has gradually grown into the largest decorative paint retail brand in China.

• Nippon

On November 9, at the BSB (Ebusbar) headquarters in Pingshan District, Shenzhen, BSB, BASF and Clariant signed a tripartite strategic cooperation agreement on the "joint development of new materials for high-standard high-power charging systems"

• BSB
• BASF
• Clariant
• new energy vehicles

Brenntag, after review by the independent external party TÜV Rheinland, has received certification of the calculation method for its Product Carbon Footprint (PCF) data.

• cosmetics companies
• Brenntag
• Investment Trends of Large Cosmetics Chemical Companies

Nippon Fine Chemicals recently highlighted its sustainable ingredients series of functional esters, oils, liposome precursors and more, as well as COSMOS and Ecocert compliant products.

• Cosmetics New Ingredients
• Phytopresome
• Neosolue
• Plandool
• Lusplan

Brenntag Specialties showcased its latest beauty and personal care solutions for mood and stress management during in-cosmetics Asia, held Nov. 7-9, 2023, in Bangkok.

• Brenntag
• Cosmetics New Ingredients
• Cosmetics New Formulas
• in-cosmetics Asia 2023