Company Dynamic

On March 31, 2025, Nippon Paint Holdings Co., Ltd. (referred to as "Nippon Paint" or "Nipsea Holdings") disclosed its financial results for the 2024 fiscal year.

Mitsubishi Chemical Group has decided to phase out production at Mitsubishi Chemical Corporation's Onahama Plant and Shinryo Corporation (Shinryo) Iwaki Plant in Iwaki, Fukushima Prefecture by the end of March 2027.

• Mitsubishi chemical
• fukushima

BASF Coatings and Li Auto announced the signing of a strategic cooperation memorandum, with the main goal of promoting and implementing coatings driven by sustainable development and digital innovation.

• BASF
• Li Auto
• coatings

On March 31, 2025, Mitsubishi Chemical Group announced its decision to gradually cease production at the Onahama Plant and Iwaki Plant in Fukushima Prefecture by the end of March 2027.

Eli Lilly has announced promising results from a mid-stage trial of its experimental drug, lepodisiran, which significantly lowers levels of lipoprotein(a), or Lp(a), a genetic risk factor for heart disease.

ExxonMobil is preparing to increase isopropyl alcohol (IPA) production, aiming to produce 99.999% ultra-pure isopropyl alcohol to meet growing demand from the semiconductor industry.

• ExxonMobil
• isopropyl alcohol

INEOS Enterprises sold its Composites business to KPS Capital Partners on March 31 for approximately €1.7 billion. This is an attractive transaction that aligns with the potential future opportunities for the business.

• INEOS
• KPS Capital Partners

A seismic shift is occurring in the global manufacturing landscape as over 60 major US corporations have descended upon Vietnam, bringing with them investment worth trillions.

On March 28, Lexicon Pharmaceuticals announced a significant exclusive licensing agreement with Novo Nordisk for the development of LX9851, the first oral non-incretin-based candidate drug aimed at treating obesity and related metabolic disorders.

On March 26, 2025, Merck and Roche Pharmaceuticals officially announced a strategic partnership aimed at accelerating the commercialization of Tepotinib (brand name: Togetican®) in the mainland Chinese market. I

Eisai has significantly revised its sales expectations for lecanemab, the Alzheimer's treatment developed in collaboration with Biogen, cutting its forecast for the fiscal year 2027 by as much as 50%.

Merck announced a significant investment of nearly $2 billion to acquire rights to HRS-5346, a novel oral small molecule inhibitor targeting lipoprotein(a) [Lp(a)], developed by Hengrui Medicine.

Kemira and IFF have made a final investment decision and will proceed with the formation of a joint manufacturing company to produce renewable bio-based products on a commercial scale.

• Kemira
• IFF

BASF announced the launch of the world’s first commercial Loopamid® production unit. Located at the Caojing site in Shanghai, China, the unit has an annual production capacity of 500 metric tons.

• BASF
• Loopamid®

PPG announced the launch of a waterborne automotive coatings manufacturing plant in Samutprakarn, Thailand.

• PPG
• Thailand
• waterborne automotive

U.S. healthcare giant Johnson & Johnson (J&J) has unveiled plans to invest more than $55 billion in the United States over the next four years. The company said the massive investment is a 25% increase over the previous four years.

• Johnson & Johnson

Amin Nasser, president and CEO of Saudi Aramco, said the company is exploring new opportunities in China's energy, chemical and technology fields.

• Saudi Aramco

In order to coordinate the company's green electricity supply and demand, BASF is streamlining its current portfolio of renewable energy projects.

• BASF
• Vattenfall
• Nordlicht

Ashland Inc. announced that it has completed the sale of its Avoca business to Mane, effective March 14, 2025. Financial terms of the transaction were not disclosed.

• Ashland
• Avoca

Sinopec announced on March 23 that due to the drop in crude oil prices and the accelerated development of the new energy vehicle industry, its net profit in 2024 was 50.3 billion yuan (6.94 billion US dollars), a year-on-year decrease of 16.8%.

• Sinopec