Company Dynamic

Starting from July 15th, the price of polyurethane series products shipped in North America will increase by 0.1 US dollars/lb (approximately 1,428 CNY/ton), and the increase in specific polyurethane systems is expected to be even higher.

• BASF
• polyurethane
• epoxy

On July 18, Guangdong Jushi Chemical Co., Ltd. (hereinafter referred to as "Jushi Chemical") issued an announcement that it plans to invest no more than 160 million yuan in the construction of a production base for modified plastic particles and

• modified plastics
• degradable materials

The Anti-Monopoly Bureau reported on July 14 that the acquisition of Sinopec Mitsubishi Chemical Polycarbonate (Beijing) Co., Ltd. by China Petroleum & Chemical Corporation entered the public notice period from July 14, 2021 to July 23, 2021.

• Sinopec
• Mitsubishi Chemical
• Polycarbonate Resin

According to news, North China and Huaibei regions ushered in the strongest rainstorm! Many provinces across the country recommend to enter flexible work (equal to no work)!

• factories shut down
• climate

In just one week, another chemical M&A transaction with a transaction value of more than 30 billion yuan!

• coating resin

On July 12, private equity investor Advent announced that it has signed an agreement to sell paint resin manufacturer Allnex to PTT Global Chemical Co., Ltd.

• PTTGC
• paint resin
• Allnex

Recently, Cangzhou Dahua Co., Ltd. issued an announcement that the co-polysilicon PC product has been successfully commissioned for a trial run recently.

• chemical company
• PC

On July 6, the Zhongan United Polyethylene Plant tried to produce the new product M2320 for the first time, and the quality indicators were all qualified.

• Polyethylene
• M2320

On the evening of July 9, Oriental Shenghong issued the "Issuance of Shares and Payment of Cash to Purchase Assets and Raising Supporting Funds and Related Transaction Report".

• M&A
• Ethylene Glycol
• PTA

BASF released preliminary data for the second quarter of 2021. Sales in the second quarter of 2021 increased by 55.8% from the same period last year to 19.753 billion euros (the second quarter of 2020: 12.680 billion euros).

• BASF
• business operation
• financial

As China's healthcare reform continues to deepen, continuous improvement in all aspects from R&D, production, distribution and marketing has helped China's pharmaceutical sector to rapidly converge with international standards and promote the transfor

• China pharmaceutical

On July 9, German specialty chemicals company Evonik announced that the construction of a new integrated polyamide 12 (PA12) production facility in the Maer Chemical Park in Germany has been completed and is expected to be put into operation within this y

• Evonik
• PA12
• production base

According to Reuters on July 2, four people familiar with the matter told Reuters that Royal Dutch Shell plans to leave its California oil and gas production joint venture Aera with ExxonMobil.

• Shell
• ExxonMobil
• joint ventures

On July 1, Dow announced a series of incremental and high-return capacity expansion plans to support the growing demand of its key end markets.

• Dow
• capacity expansion

BASF has integrated the sustainable solutions in its plastic additive product portfolio into its new global brand VALERAS.

• BASF
• additives
• sustainable development

The problem of antibiotic resistance has now become a global crisis. Globally, at least 700,000 people die each year from drug-resistant diseases, including 230,000 from multidrug-resistant tuberculosis. If no action is taken, the worst-case scenario is t

• antibiotic drug

On July 1, Dow announced a series of incremental and high-return capacity expansion plans to support the growing demand of its key end markets.

• Dow
• polyurethane
• PG

On June 30, Celanese announced that it had signed a definitive agreement to acquire ExxonMobil’s Santoprene TPV elastomer business at a price of US$1.15 billion. The transaction is expected to be completed in the fourth quarter of 2021.

• Celanese
• ExxonMobil
• TPV

On July 1, Clariant, a Swiss specialty chemicals company, announced the creation of a renewable ethylene oxide (EO) derivative joint venture with India Glycol Limited (IGL). The joint venture will operate under the name Clariant IGL Specialty Chemicals Pt

• Clariant
• IGL
• ethylene oxide

In 2020, the epidemic will reduce the demand for foreign trade in the chemical and plastics industry, coupled with the decline in production capacity, the upgrade of personnel entry and exit, cross-border logistics, inspection and quarantine, etc.

• BASF
• DuPont
• Celanese