Company Dynamic

Recently, Evonik announced the integration of MetAMINO (DL-methionine) production resources and concentrated its production in three international production centers (the Americas, Europe and Asia)

• Evonik integratation
• methionine production

On October 12, Covestro announced that it had signed an agreement with DSM to acquire its resin and functional materials business (RFM). The transaction is expected to be completed in the first quarter of 2021

• Covestro acquisition
• sustainable coating DSM

On October 14, Wanhua Chemical’s closing price was 80.15 yuan, an increase of 1.33%, and its market value broke through the 250 billion yuan mark for the first time, reaching 251.651 billion yuan.

• Wanhua chemicals
• market value

Evonik Group, the world's leading specialty chemicals company, released its 2020 third-quarter performance report. The adjusted EBITDA (EBITDA) of the group reached 519 million euros

• Evonik finanCIAL data

Recently, Nouryon celebrated its second anniversary as an independent company. In the past two years, Nouryon has made significant progress in improving efficiency and increasing profitability

• Nouryon global strategy
• Chinese market

The total merchandise export from Macao amounted to 879.00 million patacas (about 110.13 million U.S. dollars), down by 5.3 percent year-on-year, the special administrative region (SAR)'s statistic department said here on Wednesday.

• china export
• china foreign trade

On October 13th, according to sources, BASF plans to restart its 300,000-ton/year toluene diisocyanate (TDI) plant in Ludwigshafen, Germany at the end of October. BASF said at the time that the device declared force majeure on August 31 due to production

• BASF TDI plant

China's producer price index (PPI), which measures costs for goods at the factory gate, fell 2.1 percent year on year in September, the National Bureau of Statistics (NBS) said Thursday.

• china ppi
• china market trend

The detailed schedule for the implementation of the plant and base closure plan will be worked out in the coming months. For the employees involved, BASF will try to find other job opportunities within the group for them.

• BASF glufosinate plant

It is reported that the central pump of Covestro's 300,000-ton/year TDI device in Germany suddenly failed. The device has been shut down for maintenance on the 12th. The company has officially announced force majeure on TDI-related products on October 13.

• Covestro TDI
• shutdown influence

China imported 8.66 million tonnes of liquefied natural gas (LNG) in September, down 7.47% month on month, showed data from the General Administration of Customs on October 13.

• china lng import
• china lng

Nippon Paint Holdings Co., Ltd. (NPHD) announced the merger of its U.S. automotive businesses.

• NPHD NEWS
• nippon paint news

Arkema successfully placed its first ever Green Bond, fully dedicated to the financing of its new world-scale plant in Singapore to manufacture 100 percent bio-based Rilsan polyamide 11.

• arkema news
• arkema coating trend

PPG announced adjusted earnings for the third quarter of 2020.

• PPG Financial
• PPG news

Wanhua Chemical announced that the company intends to publicly list and transfer 100% equity of its wholly-owned subsidiary Shanghai Wanhua Keju, and the appraised value of all equity of Shanghai Wanhua Keju is 731 million yuan.

• wanhua chemical
• china chemical market

BASF announced plans to increase production capacity of synthetic ester base oils at its Jinshan site in Shanghai, China

• BASF china
• BASF Synthetic

Evonik said that through strategic integration, the company is expected to use competitive cost advantages to ensure future growth.

• strategic integration
• Evonik METHIONINE plant

Recently, Covestro, one of the world's largest polymer producers, signed an agreement with the Dutch Royal DSM Group, agreeing to acquire its resin and functional materials business (RFM) for 1.61 billion euros (approximately US$1.886 billion).

• Covestro acquisition
• DSM resin and functional materials

It is reported that ExxonMobil, the largest US oil company by market value, announced on the 5th that it will lay off a maximum of 1,600 employees in Europe before the end of next year, more than one-tenth of its European employees.

• ExxonMobil
• chemical giants layoffs

BASF released preliminary data for the third quarter of 2020. Sales in the third quarter fell 5% to 13.812 billion euros (third quarter 2019: 14.556 billion euros), mainly due to unfavorable currency factors.

• BASF sales performance
• business performance