Company Dynamic

On March 5, BASF announced that Heather Remley, currently the President of Global Engineering Services, will take over as the new President and CEO at BASF’s Florham Park, New Jersey location starting April 1, 2025.

BASF, along with the Yangtze River Delta Physical Research Center and Beijing Weilan New Energy Technology Co., Ltd., signed a groundbreaking cooperation agreement to develop the next generation of solid-state battery packs.

On March 10, 2025, Dow announced a strategic investment in Xycle, a pioneer in advanced chemical recycling technology based in Rotterdam, Netherlands.

On March 10, Röhm announced a pressure incident at its Bay City facility in Texas, which occurred on March 7 during the commissioning of a refrigeration unit.

Brenntag has announced a strategic partnership with Parkim Fragrance House, a leading Turkish perfumer. Brenntag will promote all of Parkim’s innovative fragrance solutions in Denmark, Sweden, Norway, Finland and Iceland.

• Brenntag
• Parkim

Asahi Kasei Corporation has completed the construction and production of its high-performance materials manufacturing base in Nantong, marking a significant milestone with a total investment of approximately 2.2 billion yuan.

On the morning of March 7, Zhangjiagang Free Trade Zone signed an investment intention agreement with Jotun Group for a high-performance coating project.

Recently, BASF released a price increase notice indicating that it plans to raise prices for various engineering plastics compounded products in North America, as permitted by contracts.

Recently, during the release of Eni Group's Q4 2024 financial report, CEO Claudio Descalzi announced the closure of two steam cracker units operated by its chemical subsidiary, Versalis.

On March 4, Henkel announced the successful acquisition of Suzhou Bock Biotechnology Co., Ltd., a move that significantly strengthens Henkel's local manufacturing capabilities in China.

Novo Nordisk's latest trial results for its next-generation diabetes drug, CagriSema, have revealed a 15.7% weight loss in overweight or obese patients with type 2 diabetes after 68 weeks of treatment.

BASF Coatings and NIO announced the signing of a letter of intent to establish a strategic partnership and strengthen cooperation in the field of automotive coatings.

• NIO
• BASF

Evonik will license hydrogen peroxide (H2O2) production technology to China Pingmei Shenma Group Nylon Technology Co., Ltd. (Shenma) to build a large-scale H2O2 plant with an annual production capacity of 200,000 tons in Pingdingshan City, Henan Province.

• Evonik
• Pingmei Shenma

On March 5, the Royal Court of Jersey approved a scheme of arrangement, allowing Rio Tinto Group to complete its acquisition of Arcadium Lithium for $6.7 billion.

• Rio Tinto
• Arcadium Lithium

In the ongoing global patent disputes surrounding COVID-19 vaccines, Pfizer and BioNTech scored a significant victory this week against rival Moderna as two crucial decisions were rendered in the United States and Germany.

Merck & Co. and Halozyme are engaged in a fierce patent dispute regarding the injectable formulation of Keytruda, Merck's leading cancer drug.

Covestro announced significant progress toward its Scope 1 climate neutrality goal at its Baytown, Texas facility.

AkzoNobel announced a groundbreaking achievement at its Mauá plant in Brazil, where innovative technology has successfully converted industrial wastewater treatment residues into eco-friendly coating materials, realizing a true circular economy.

Evonik has recently unveiled a comprehensive suite of Purocel™ products and catalyst technologies aimed at improving the quality of pyrolysis oil, thus promoting the circular economy in plastics.

With the mechanical completion of a new production line in Map Ta Phut Industrial Park in Thailand, Covestro has further increased its global production capacity for polycarbonate (PC) specialty films.

• Covestro