Company Dynamic

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.

Founded in 2016, Apus Quimica is headquartered in Santiago, Chile, and focuses on the distribution and development of high-performance chemicals in the rubber, plastics and chemical sectors.

• Apus Quimica
• IMCD

Evonik will localize the final production process of its polybutadiene product Polyvest® ST-E 60 in Shanghai, and is expected to be fully operational in the third quarter of 2025.

• Evonik
• Polyvest®
• Shanghai

The German manufacturer officially launched the construction of its new innovation center at a groundbreaking ceremony at its Hamburg headquarters. Beiersdorf plans to invest 139 million euros and the center is expected to be put into use in 2028.

• Beiersdorf

AkzoNobel has decided to sell its Indian company to JSW Group. The transaction is based on a total enterprise value of approximately 1.4 billion euros

• AkzoNobel

Mitsubishi Chemical announced on June 16 that it has decided to relocate its PMMA (polymethyl methacrylate) plant in China, Mitsubishi Chemical Polymer Materials (Nantong) Co., Ltd.

• Mitsubishi chemical
• PMMA

Covestro has signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films.

• Covestro
• Pontacol

Unilever has signed an agreement to acquire men’s personal care brand Dr. Squatch from private equity firm Summit Partners, marking its strategic entry into the premium natural beauty products sector.

• Unilever
• Dr. Squatch

Merck announced that its novel non-nucleoside cytomegalovirus (CMV) inhibitor, Letermovir, in both tablet and injectable forms, has been approved by the National Medical Products Administration (NMPA) for use in children aged 6 months and above.

On June 16, 2025, the Indonesian Anti-Dumping Committee (KADI) announced in notice AD.02/253/KADI/06/2025 the decision to terminate the antidumping investigation on synthetic filament yarn originating from China.