Company Dynamic

Despite industry headwinds, Lanxess defied the global slowdown, posting €6.14 billion in 2024 sales and a 19.9% jump in EBITDA—a performance that showcases the company’s strategic agility and shift toward specialty chemicals.

Pfizer has announced the cessation of its once-daily oral weight-loss drug, danuglipron, following a reported case of potential drug-induced liver injury during clinical trials.

Swiss pharmaceutical company Sandoz has initiated a legal battle against U.S. biotech giant Amgen, accusing it of unlawfully maintaining a monopoly over the arthritis medication Enbrel (etanercept).

Dutch coatings giant AkzoNobel is expanding its partnership with global lighting leader Signify. In the future, AkzoNobel will continue to supply Interpon F powder coatings for Philips LED outdoor luminaires.

• AkzoNobel
• Signify

IFF, a global supplier of flavors, fragrances, food and health ingredients, has partnered with Florida Polytechnic University to create a Citrus Innovation Center in Lakeland, Florida.

• IFF
• Citrus Innovation Center

Pfizer is making a bold strategic pivot in San Diego, selling a key research campus for $255 million while preparing to relocate operations to a new high-tech facility nearby.

Mitsubishi Chemical Corporation has decided to expand the production capacity of flame-retardant compounds based on polyolefins and thermoplastic elastomers for cable jacketing and other uses.

• Mitsubishi chemical
• flame-retardant

AkzoNobel has announced a major expansion of its collaboration with global lighting giant Signify, aiming to jointly accelerate low-carbon, sustainable solutions for the built environment.

BASF’s Dispersions & Resins division is set to make its debut at CHINAPLAS 2025, one of the largest international exhibitions for plastics and rubber, taking place from April 15 to 18.

FMC and Bayer have announced a pivotal collaboration to commercialize herbicide products containing Isoflex™ active (dichloro-thienyl-substituted oxazolone) across the European Union and the UK, aiming to combat herbicide-resistant grass weeds in cereals

Danish pharmaceutical giant Novo Nordisk has unveiled plans to invest 6.4 billion reais ($1.09 billion) to enhance its manufacturing capabilities in Minas Gerais, Brazil.

On April 3, 2025, BASF celebrated a key breakthrough at its Zhanjiang Verbund site with the official opening of the Analysis and Innovation Center, a cutting-edge facility that reinforces BASF’s long-term commitment to technology advancement and sustainab

In a dramatic move after nearly three decades, Japan’s Maxell Ltd. announced it will cease production of prismatic lithium-ion batteries and dissolve its China-based subsidiary, Wuxi Maxell Energy Co., Ltd.

On March 30, the first production unit of the Sinopec Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project was successfully completed and handed over.

• Guangxi Petrochemical
• diesel adsorption separation unit

According to the announcement on Wanhua Chemical's official website, Wanhua Chemical Group Co., Ltd. is seeking public opinions on the environmental impact of the expansion project of hexamethylene diisocyanate (HMDI) production.

• wanhua chemical

While the headline sales figure of €46.6 billion appears steady, a deeper look reveals a stark contrast between its rising star drug, Nubeqa, which achieved a staggering 78% growth, and the decline of its former blockbuster, Xarelto, which plunged 14.7% d

Novartis has reignited its competitive streak, targeting the reign of Dupixent (dupilumab), the newly crowned “autoimmune drug king” from Sanofi.

On April 4, 2025, China’s State Administration for Market Regulation (SAMR) announced an antitrust investigation into DuPont China Holding Co., Ltd. for alleged violations of the Anti-Monopoly Law.

On April 2, 2025, Japan’s UBE Corporation announced the completion of its €4.6 billion transaction to acquire the polyurethane systems business of Germany’s Lanxess.

On April 2, 2025, Kuraray announced its acquisition of Nelumbo, a California-based company specializing in unique surface modification technologies.