Company Dynamic

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

On September 30, local time, Firmenich announced the opening of a new biotechnology and natural extraction pilot plant and laboratory in Geneva.

• Firmenich biotechnology
• natural extraction plant

According to a report by Bloomberg News in Houston on October 7, 2020, the market value of Chevron, the second largest U.S. oil company, recently surpassed Exxon Mobil, the largest listed oil company in the United States

• Chevron market value
• ExxonMobil

The company said in a statement that imidazole is harmful to fish, and for humans, if swallowed, it can also cause skin burns and eye damage. The company stated that

• BASF factory
• hazardous materials

Several propylene plants in the region have unexpectedly shut down, the high-speed restrictions are lifted at the end of holidays, and the inflow of external resources may increase. The overall supply in the region is slightly tight.

• wanhua chemical
• market price
• Acrylic
• Propylene oxide

Recently, international chemical giants such as Nippon, BASF, and DSM have all adjusted the current industrial structure, and divested some negative or low-yield assets to adjust their performance structure.

• Nippon
• BASF
• DSM
• asset
• restructuring

On October 8, Givaudan’s 2020 performance report for the first three quarters of 2020 was announced on its official website. Sales were 4.790 billion Swiss francs.

• Givaudan
• edible sector
• sales fell

On September 29, Swiss flavor and fragrance giant Givaudan announced that it has divested its subsidiary Naturex's pectin business.

• Givaudan pectin business
• Herbstreith
• &
• Fox Group

Akzo Nobel recently announced an investment of 20 million euros (approximately 158 million yuan) to increase its powder coating production capacity in Como, Italy.

• Akzo Nobel Italy
• Powder Coating

Wanhua Chemical announced that the company intends to publicly transfer 100% of its wholly-owned subsidiary Shanghai Wanhua Keju. The value of the entire equity of Shanghai Wanhua Keju is estimated at 731 million yuan.

• Wanhua chemical
• Wanhua keju

Service that can help shipowners optimize vessel performance

• hempel coating
• hempel coating ship

The DuPont Human Microbiome Venture today announced a research partnership with The Procter & Gamble Company (P&G), focusing on the discovery and development of innovative next generation probiotics (NGPs) for human health.

• Collaboratio research
• P&G
• trend