Company Dynamic

On June 15, Clariant announced that a consortium established by Heubach Group and SK Capital Partners had acquired its pigment business, and the two parties had reached a final agreement.

• Clariant
• pigment business
• business transfer

Bisphenol A (BPA) is the main raw material for the production of polycarbonate and epoxy resin.

• polycarbonate industry
• bisphenol A
• PC

On June 26, DuPont has announced the expansion of its ion exchange resin production to meet the global high demand for its pharmaceutical products, such as excipients and active pharmaceutical ingredients (API).

• DuPont
• ion exchange
• resin production

Recently, LANXESS held the opening ceremony of the LANXESS Asia Pacific Application Development Center at the International New Chemical Materials Innovation Center in Shanghai Chemical Industry Park.

• LANXESS
• Application Development
• Shanghai

Last week, the decline of the raw material bisphenol A market accelerated, the domestic PC market mentality was sluggish, local offers fell, and trading became weaker.

• BPA market
• PC market

China's outbound direct investment (ODI) into countries involved in the Belt and Road Initiative (BRI) increased in the first five months, official data showed.

• china bri

WTI crude oil once stood at US$74, and Brent crude oil broke through US$76/barrel in intraday trading, the highest price since the end of October 2018.

• Eastman
• price soar
• Mitsubishi

With the rapid development of my country's chemical industry, many investors are rushing to enter this industry, wanting to get a share of the pie. As a result, the competitiveness of the chemical industry has become increasingly fierce.

• chemical industry
• plant shut down

Several media recently reported that Exxon Mobil Corporation plans to lay off 5% to 10% of its workforce in the United States every year in the next 3 to 5 years.

• lay off
• ExxonMobil

Recently, Mitsubishi Chemical Corporation announced that the company has newly developed plant-derived polytetramethylene ether glycol (BioPTMG) and has begun supplying samples.

• Mitsubishi chemical
• plant-based PTMG
• fiber

According to Wind data, in the first-level industry of Shenwan Chemical Industry, 47 listed companies have disclosed their first quarterly performance forecasts.

• price fluctuation
• bankruptcy

Recently, LG Chem announced that the company’s new mixed-feed steam cracking furnace in Lishui has begun filling naphtha raw materials.

• LG chem
• cracking

Recently, Yichang Xingxing Lantian Technology Co., Ltd., a coal chemical transformation and upgrading project with a total investment of 2.4 billion yuan, was officially put into operation and produced qualified liquid ammonia.

• synthetic ammonia

On June 15th, Bridgestone announced that it had reached an agreement with LCY Chemicals, deciding to sell all the shares of its subsidiary Bridgestone (Huizhou) Synthetic Rubber Co., Ltd.

• Bridgestone
• synthetic rubber

On June 14, Swiss specialty chemicals company Clariant announced the sale of its pigment business to a consortium formed by the Heubach Group and SK Capital, with a transaction value of 805 million Swiss francs to 855 million Swiss francs

• Clariant
• pigment business

Recently, Jiangsu Town Titanium Chemical issued a price adjustment notice, saying that due to the sharp increase in raw material prices and the current market situation

• price soar
• BASF
• Dow
• Eastman
• Chemours

Following the biggest increase in April, the international daily chemical giant Procter & Gamble once again revealed the news of price increases.

• beauty products

Clariant, a dedicated, sustainable and innovative specialty chemical company, announced that it has reached a final agreement to sell its pigment business to a consortium jointly established by the Heubach Group

• Clariant
• pigment business
• Heubach

Recently, the Indian Petroleum Corporation (IOC) stated that it has signed an agreement with the Gujarat government to invest about 240 billion Indian rupees

• IOC
• refining project

Recently, Ke Diwen, President and Chairman of BASF Greater China, stated that BASF's sales in Greater China will be approximately 8.5 billion euros in 2020, an increase of 16% from the 74 euros in 2019.

• BASF
• China market