Company Dynamic

Jotun Group started 2025 with solid momentum, posting Q1 sales of NOK 8.571 billion (approx. USD 803.6 million), reflecting a 6.4% year-on-year increase.

A former sales rep has accused Novartis of paying tens of millions of dollars in kickbacks to physicians to promote its multiple sclerosis drug, fingolimod.

Pfizer and its subsidiary Biohaven will pay $59.7 million to settle allegations involving unlawful payments to healthcare providers to boost sales of the migraine medication Nurtec ODT.

AkzoNobel is taking aggressive action to reduce Scope 3 emissions, revealing a new collaboration with BASF that enables the use of bio-based raw materials in decorative paints across Europe, the Middle East, and Africa.

With Pluriol A 2400 I, BASF’s Industrial Formulations division has expanded its portfolio of reactive polyethylene glycols for polycarboxylate ethers (PCEs) for the European construction industry.

• Pluriol A 2400 I
• BASF

Gelest, a Mitsubishi Chemical Group Company, recently announced the opening of a new 50,000 square foot production facility at its global headquarters in Morrisville, Pennsylvania, USA.

• Gelest
• Mitsubishi chemical

Azelis has signed an agreement to acquire 100% of the business of S. Amit Group, a Mumbai-based distributor of performance chemicals for the pharmaceutical, agricultural and CASE markets in India.

• Azelis
• S. Amit

Bruvi, the U.S. coffee brand known for its automated brewing optimization, has integrated Ultrason® E 2010 from BASF into its system.

Kumho Petrochemical Co., Ltd. on Friday reported a 21.7% year-on-year increase in first-quarter net profit, helped by strong sales of its key petrochemical products.

• Kumho Petrochemical

On May 8, Lanxess reported a 31.7% surge in Q1 2025 EBITDA, reaching €133 million, up from €101 million a year earlier, despite persistent global headwinds.

On May 7, Kraton Corporation announced a major strategic shift, revealing plans to exit its production site in Dover, Ohio, and phase out its dimer acid and polyamide product lines.

Chevron Phillips Chemical (CPChem) has agreed to sell its stake in Chevron Phillips Singapore Chemicals (CPSC) to Chandra Asri Capital Pte Ltd., an affiliate of Aster Chemicals and Energy.

• CPChem
• Singapore

PPG announced that it will invest $380 million to build a new aerospace coatings and sealants manufacturing plant in Shelby, North Carolina.

• PPG

BASF has signed a licensing agreement with Carbon Capture Application Technology (CCAT) to deploy its OASE® blue carbon capture technology at a Taiwan Power Company (Taipower) facility, marking a major milestone in Taiwan’s journey toward decarbonization.

On May 8, Clariant unveiled StyroMax™ UL-100, its most advanced catalyst to date for styrene production—achieving a record-setting steam-to-oil ratio of just 0.76, compared to the previous 1.02.

In a major leap toward diversifying beyond oil, Abu Dhabi National Oil Company (ADNOC) is set to receive unconditional approval from the European Union for its $16.6 billion acquisition of Covestro, according to a May 6 Reuters report.

On May 7, Huayi Group announced a significant strategic move: the cash acquisition of a 60% equity stake in San Ai Fu for 4.09 billion yuan (approximately 611 million USD).

In a strategic move to strengthen its global footprint in battery materials, BASF is expanding production of Licity® anode binders at its Monaca, Pennsylvania and Chattanooga, Tennessee sites.

Covestro kicked off fiscal year 2025 with stable sales of €3.48 billion, nearly unchanged from last year.

Evonik Coating Additives has launched a series of four new AERODISP dispersions based on SiO2 or Al2O3 particles designed to improve receptive coatings for water-based inkjet inks.

• Evonik