Company Dynamic

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

On the 11th, the relative weakness of PCs continued, and offers were still partially lowered. Merchants said that real orders were lightly traded, and the pressure on shipments was obvious.

• PC price
• market forcast

Recently, Asahi Kasei announced that the company promised to achieve carbon neutrality by 2050 and achieve the goal of reducing greenhouse gas emissions by more than 30% compared to the 2013 fiscal year by 2030.

• Asahi Kasei
• environmental protection

On June 9, Dow announced plans to build an integrated methylene diphenyl diisocyanate (MDI) distillation and prepolymer plant at its world-class production site in Freeport, Texas, USA.

• Dow
• MDI distillation
• prepolymer plant

On June 8, American agri-food giant Cargill announced that it will cooperate with German chemical company Helm to build a bio-based 1,4-butanediol (BDO) plant.

• Cargill
• bio-based BDO

The largest bottle-grade polyester chip manufacturer in China and Asia-Jiangsu Sanfangxiang Co., Ltd. (hereinafter referred to as "Sanfangxiang") recently announced that in order to further improve production efficiency

• polyester
• PTA production

On June 9th, Dow announced that it plans to build an integrated MDI distillation and prepolymer facility at its world-class production base in Freeport, Texas.

• Dow
• MDI

On June 9, 2021, Houston and Hong Kong news, LyondellBasell (LyondellBasell) announced the successful launch of Ulsan PP Co., Ltd.'s annual production capacity of 400,000 tons of polypropylene production facilities.

• LyondellBasell
• polypropylene

Recently, the 2021 Fortune 500 list was released. Wal-Mart has been at the top of the list for the ninth consecutive year, and Amazon has maintained its second place and moved to third place.

• Dow
• DuPont
• 3M