Company Dynamic

PPG Industries recently disclosed its 2024 annual report, revealing a net sales total of approximately USD 15.845 billion, marking a 2% decline from the previous year.

Henkel recently announced the opening of a new application center in Busan, South Korea, marking a significant investment in the global sports and fashion industry.

• Henkel
• sports meeting
• Fashion
• adhesive

Sensient Technologies Corporation, a global supplier of color and personal care applications, has acquired French raw material manufacturer Biolie, which specializes in developing white biotechnology for natural cosmetic ingredients.

• Sensient
• Biolie
• Colors
• biotechnology

BASF India Ltd has broken ground on a new plant in Dahej to increase its Cellasto microcellular polyurethane (MCU) production capacity.

• BASF
• India
• microcellular polyurethane

On February 20, Boehringer Ingelheim announced the appointment of Brian Hilberdink as the new President of its Human Pharma division in the United States.

On February 20, AstraZeneca announced its agreement to acquire the Chinese operations of FibroGen for approximately $160 million.

Evonik Industries has recently announced a strategic decision to shut down two of its silica production facilities located in Watervliet, New York and Aberfeldy, Maryland.

Sumitomo Chemical has acquired the liquid crystal polymer (LCP) pure resin business assets from Belgian company Syensqo SA/NV.

• Sumitomo Chemical
• Syensqo
• LCP

On February 19, 2025, the 2025 Action Plan to Stabilize Foreign Investment was officially released, outlining 20 crucial measures aimed at enhancing foreign investment in China.

LBB Specialties (LBBS), a North American specialty chemicals and ingredients distributor, held a ribbon-cutting ceremony on January 22, 2025, marking the opening of its state-of-the-art distribution center in Bristol, Pennsylvania.

• LBB Specialties
• distribution Center

Covestro, a leading global supplier of high-tech polymer materials, has announced that four of its US sites have achieved net zero emissions for Scope 2 electricity through the allocation of renewable energy certificates (RECs).

• Covestro

Dow’s Surlyn resin is a key material for the premium packaging industry for perfumes and cosmetics, and is used in particular for the manufacture of perfume bottle caps, which are valued for their exceptional clarity and durability.

• Dow
• Surlyn
• Brivaplast
• TecnoGi

BASF will invest millions of euros in a new alkoxide plant at its site in Ludwigshafen, Germany. The plant will produce sodium methoxide and potassium methoxide, two important chemicals used in the production of biodiesel.

• BASF
• alkoxide
• Ludwigshafen

India's agrochemical sector is gaining significant traction in Europe, driven by a favorable regulatory landscape that promotes Indian exports, as highlighted in a recent Nuvama report.

Trump administration initiated a sweeping layoff affecting more than 2000 employees in key health agencies, including the National Institutes of Health (NIH), Centers for Disease Control and Prevention (CDC), and the Food and Drug Administration (FDA).

German specialty chemicals company LANXESS has opened its India Application Development Center (IADC) in Mumbai.

• LANXESS
• IADC

On February 17, Huntsman Corporation (NYSE: HUN) announced its financial results for the fourth quarter of 2024, reporting revenues of $1.452 billion and a net loss attributable to Huntsman of $141 million.

Abbott Laboratories has recently announced a significant leadership change within its China diagnostics division. Fanny Chen, the long-serving president, is retiring after over 23 years with the company.

AstraZeneca has stirred discussion by asserting that its CEO's compensation should not be benchmarked against FTSE 100 companies.

DCL's pigment dispersion business. This significant move includes DCL's production facility located in Monteith, Ontario, Canada, as well as another in Waterfoot, UK, marking a crucial milestone in Lorama's global operations.