Company Dynamic

This decision follows a series of financial challenges, as the company reported a 4% decline in total revenue for 2024, amounting to €145.59 billion.

In a strategic pivot towards the healthcare sector, ByteDance has made headlines by committing over 700 million yuan to enhance its presence in cell therapy and hospital construction.

Henkel has announced the opening of an advanced application engineering center in Chennai, Tamil Nadu, India, further strengthening its Adhesive Technologies business’ leadership in the electronics sector.

• Henkel
• Adhesive

Röhm Shanghai has earned ISCC PLUS certification for its MMA, PMMA, and methacrylate resin products manufactured at its Shanghai site in China.

• ROHM
• Shanghai
• ISCC plus

The cooperation agreement between the two companies enables Bodo Möller Chemie to expand its product portfolio to include extremely strong, stiff and lightweight carbon fiber products.

• Bodo Möller Chemie
• DowAksa

Cornerstone Chemical Company, Inc., announced the decision to discontinue its acrylonitrile (AN) business, effective June 30, 2025.

• Cornerstone
• acrylonitrile

Evonik and Fuhua Tongda Chemicals Company (Fuhua) have established a joint venture in Leshan, Sichuan Province, to produce and sell hydrogen peroxide (H2O2) in China.

• Evonik
• Fuhua Tongda Chemicals Company
• hydrogen peroxide
• H2O2

Brennetag announced the expansion of its Innovation and Application Center in Navi Mumbai, India, to provide advanced formulation, testing and development capabilities to the Indian construction industry.

• Brennetag

BASF India Ltd. officially broke ground on a new facility in Dahisar, India, aimed at enhancing its production capacity for Cellasto® microcellular polyurethane (MCU).

AstraZeneca announced positive mid-term results from the Phase III SERENA-6 trial for its oral selective estrogen receptor degrader (SERD) camizestrant.

Eli Lilly has announced a significant investment of $2.7 billion aimed at establishing new manufacturing plants across the United States.

India is on the brink of becoming a prominent site for clinical trials, according to Sanjay Vyas, head of Parexel's India operations.

Merck, known as MSD outside the U.S. and Canada, is set to significantly expand its workforce in India, with plans to increase employee numbers from approximately 1,800 to around 2,700 by the end of this year.

ExxonMobil has revealed its intentions to potentially construct a new ethylene cracker and polyethylene facility near Corpus Christi, Texas.

Merck has announced that it expects its leading cancer therapy, Keytruda, to be part of the government price setting initiative in 2026, with the new pricing structure set to take effect on January 1, 2028.

German flavor and fragrance company Symrise has signed a strategic partnership with Hofseth BioCare (HBC), a Norwegian salmon ingredient manufacturer focused on the human health and pet nutrition markets.

• Symrise
• Hofseth biocare

Evonik is building a pilot plant in Marl, Germany, for the production of its innovative high-performance anion exchange membranes (AEM). The membranes were developed by Evonik and are marketed under the DURAION brand.

• Evonik
• AEM

Univar Solutions announced the expansion of its distribution partnership with BASF to gain exclusive rights as a distributor of LuquaSorb Super Absorbent Polymers (SAPs) for industrial applications in the United States and Canada.

• Univar Solutions
• BASF
• LuquaSorb

On February 14, 2025, specialty chemicals company Lanxess officially inaugurated its India Application Development Center (IADC) in Thane, Mumbai, aiming to enhance its innovation and customer service capabilities.

On February 19, Wanhua Chemical made waves at the PCHi exhibition with the launch of its innovative bio-based 1,3-butylene glycol designed for use in moisturizers and solvents across various cosmetic applications, including serums, cleansers, and sunscree