Company Dynamic

Since the beginning of this year, the two ethylene glycol plants of the Chemical Department of Sinopec Shanghai Petrochemical Co., Ltd.

• Shanghai Petrochemical
• ethylene oxide

Recently, the 2021 Fortune Global 500 list was released. This year’s Fortune 500 companies’ operating income was approximately US$31.7 trillion, a decrease of 5% from last year.

• Sinochem
• Fortune 500
• Mitsubishi

Swiss flavor and fragrance giant Givaudan announced on its official website on July 29 that it has signed a joint venture agreement with Indian fragrance company Privi Speciality Chemicals

• Givaudan
• Indian fragrance

Recently, Dr. Martin Brudermüller, Chairman of the Executive Board of BASF Europe, and Dr. Hans-Ulrich Engel, BASF’s Chief Financial Officer, jointly released the financial results for the second quarter.

• BASF
• financial performance

According to media reports, on July 27, local time, the hazardous waste incineration plant of the German pharmaceutical and agrochemical giant Bayer in Leverkusen exploded and a large amount of smoke was emitted at the scene.

• explosion
• Bayer

Recently, industry sources said that AstraZeneca will form a new company with a "Chinese" investment company, and AstraZeneca will transfer its respiratory product line to this new company, and complete the staff signing before July 1.

• AstraZeneca
• pharmaceutical industry

Recently, Dow’s 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier.

• Dow
• LyondellBasell
• Covestro

Yesterday (28th), Wanhua Chemical issued a price increase letter stating that raw materials such as butyl acrylate, methyl methyl, and isooctyl ester continued to rise due to factors such as the continued volatility of crude oil prices

• raise price
• Nippon
• bisphenol A

On July 21, local time, a chemical spill occurred at the Dow Chemical Company in Laporte, Texas, USA. Due to the danger of air pollution and explosion

• Dow
• crude oil
• raw material

The new mobile communication standard 5G is steadily advancing. This development has also increased the demand for materials that promote and ensure high transmission rates of 5G signals.

• Covestro
• TPU
• polycarbonate material
• 5G

On July 21, local time, a chemical spill occurred at the Dow Chemical Company in Laporte, Texas.

• Dow
• crude oil

Due to heavy rains hitting the Novara factory in Italy, causing a power outage in the factory, PA66 and its intermediate products produced by the factory, including HMD, adipic acid, nitric acid, PA66-salt, etc., all declared force majeure.

• factory overhaul

Symrise AG recently announced that it has agreed to make a strategic investment in Swedencare, a Swedish multinational supplier of pet health products.

• functional ingredients
• pet functional food

Recently, as the global epidemic has eased, global chemical mergers and acquisitions have become active again.

• chemical M&A
• Southeast Asia

Azelis, a global service provider of specialty chemicals and food ingredients, announced on July 20 that it has signed a contract to acquire French raw material distributor Quimdis.

• spice
• Quimdis
• Azelis

Recently, Symrise, a German flavor and fragrance, food ingredients and cosmetic raw material company, announced the launch of a lily of the valley flavor-Lilybelle.

• Symrise
• spice
• chemical fragrance

Recently, Jotun Group and Kansai Marine Coatings (KPM) have renewed their existing cooperation agreement until December 31, 2027.

• Jotun
• Kansai Marine
• coating

Recently, Bridgestone announced that the company’s four tire plants in Hikone, Tosu, Shimonoseki, and Kitakyushu in Japan have all used externally purchased renewable energy power

• Bridgestone
• renewable energy

The German Federal Water Transport Administration WSV issued an announcement that due to continuous heavy rains in southwestern Germany last week

• Rhine
• BASF

Recently, 21 Data News Lab released the list of "Top 500 Chinese Listed Companies by Market Value in the First Half of 2021", and the statistical time is up to June 30, 2021.

• listed companies
• chemical industry