Company Dynamic

Recently, Cargill acquired Floratech, an American beauty and personal care plant raw material company, to further expand Cargill's beauty platform.

• Cargill beauty ingredients
• sustainable beauty

Recently, LG Chem took the lead in the world to successfully develop new biodegradable materials with the same mechanical properties as synthetic resins.

• LG chem
• new biodegradable materials

On October 16, Hu Min, General Manager of Heraeus Precious Metals China, said that due to the new crown pneumonia epidemic this year, the demand for platinum in the petroleum industry has been hit hard and is expected to shrink by about 50% this year.

• Heraeus
• Platinum demand
• petroleum industry

PQ Group, a U.S. specialty chemicals company, recently entered into an agreement with private equity firm Jordan to sell its performance materials business for $650 million.

• PQ news
• specialty chemical companies

After years of manufacturing woes, Pfizer appeared to turn a corner earlier this year for its growing sterile injectables portfolio.

• pfizer news
• pfizer covid 19

Sanofi Pasteur, the vaccines global business unit of Sanofi, and Translate Bio , a clinical-stage messenger RNA (mRNA) therapeutics company, today announced the preclinical results for MRT5500, a mRNA-based vaccine candidate against SARS-CoV-2

• sanofi covid 19
• covid 19 research

On October 19th, Givaudan officially launched the "Natural Flavors of Origin" strategy on its official website, that is, to purchase natural flavors from the origin in a responsible manner and develop and create them.

• Givaudan strategy
• Natural spices of origin

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 chemical

It is claimed to improve the organization and density of meat alternatives

• plant protein substitute
• ADM plant protein

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