Company Dynamic

AkzoNobel’s automotive refinish brand Sikkens has officially renewed its partnership with Mercedes-Benz, extending their collaboration from 2025 to 2028.

ENEOS Co., Ltd. and Mitsubishi Chemical Corporation announced that the new chemical recycling facility built at the MCC Ibaraki Plant to start the plastic-to-oil conversion business has been completed.

• ENEOS
• Mitsubishi chemical

Stephenson announces a strategic European distribution partnership with Brenntag Gmbh. Under the agreement, Brenntag will exclusively distribute Stephenson’s Durosoft polyglycerol ester range.

• Stephenson
• Brenntag

This acquisition comes at a pivotal time for AbbVie, which has spent over $20 billion since 2023 to counter the patent expiration of its blockbuster drug Humira.

On June 27, 2025, Japanese machinery manufacturer Kobelco announced a 3 billion yen (approximately 150 million RMB) investment to expand its rubber and tire equipment production operations in India.

The project’s inclusion in Indonesia’s five-year national strategy ensures government backing and prioritization, marking a milestone for industrial transformation and global value chain integration.

On June 27, 2025, AkzoNobel announced an agreement to sell its stake in AkzoNobel India Ltd. (ANIL) to India’s JSW Group, one of the country’s leading diversified conglomerates.

On July 1, 2025, BASF announced a major strategic shift by relocating its global electronics materials operations base to Taipei.

On June 27, 2025, Michelin Group announced plans to halt operations at its Guarulhos factory in São Paulo, Brazil, citing low-cost Asian imports as the primary reason.

Givaudan, the Swiss fragrance and flavor giant, announced on June 27, 2024 that it has signed an agreement to acquire a majority stake in Brazil's Vollmens Fragrances to expand its market presence in Latin America.

• Givaudan
• Vollmens

The NATO Innovation Fund has made its first major investment by co-leading a $35 million funding round for UK-based Portal Biotech.

Novo Nordisk’s weight-loss drug Wegovy, once hailed as a breakthrough obesity treatment, is facing stiff competition from Eli Lilly’s Zepbound, highlighting critical missteps in Novo’s market strategy.

Evonik announced the relocation of POLYVEST® ST-E 60 production to Shanghai, reinforcing its commitment to supply stability and proximity to Asian customers.

June 25, 2025: SABIC announced the permanent closure of its 865,000-ton-per-year ethylene plant in Wilton, UK, amid Europe's ongoing wave of petrochemical shutdowns.

June 27, 2025: AkzoNobel has signed an agreement to sell its stake in AkzoNobel India Ltd (ANIL) to India’s JSW Group, a leading diversified conglomerate.

Mercedes-Benz has renewed its partnership with BASF's premium refinish paint brands Glasurit® and R-M® in the Asia Pacific region, reinforcing BASF’s trusted reputation.

Washington: A U.S. senator has launched an investigation into GlaxoSmithKline's (GSK) decision to discontinue the Flovent HFA inhaler, a widely used asthma treatment for children.

On June 23, Wanhua Chemical released the environmental impact report draft for its IPDA expansion project, which aims to increase the capacity of its IPN and IPDA units.

On June 24, Mitsui Chemicals announced its decision to transfer its entire 50% stake in Sinopec Mitsui Chemicals Co., Ltd. (SSMC) to Shanghai Gaoqiao Petrochemical Co., Ltd. The deal, approved by the board, is expected to be finalized by October 2025.

On June 25, global coatings leader Nippon Paint Holdings Co., Ltd. announced that its state-of-the-art Tokyo Innovation Center will officially begin operations in July.