Company Dynamic

Nouryon announces the opening of a new office in Al Dhahran, Saudi Arabia, located in Al Abdulkarim Tower. This move is an important milestone in Nouryon's commitment to expand its presence and better serve customers in the Middle East.

• Nouryon

On January 5, Poly Pharm announced that it is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws.

Merck KGaA (MRCG.DE), the German healthcare and technology powerhouse, announced on Monday that it is in advanced negotiations to acquire U.S. biotech firm SpringWorks Therapeutics (SWTX.O), known for its focus on cancer and rare diseases.

Mitsubishi Chemical announced a definitive agreement to sell Tanabe Pharma to Bain Capital for approximately ¥510 billion (around ¥245 billion RMB).

Japanese chemical giant Asahi Kasei announced a significant decision during its board meeting to absorb its wholly-owned subsidiary, Asahi Kasei Epoxy Corporation, through a merger.

According to a review by Cybex, AstraZeneca emerged as the clear leader with $6.41 billion in revenue, reflecting an impressive 11% growth.

Novartis has announced that its nuclear medicine product, Pluvicto (177Lu-PSMA-617), achieved $1.39 billion in sales for the year 2024, marking a 42% increase compared to the previous year.

Syensqo recently announced a five-year strategic partnership with Bota Bio, a global industrial biotech company specializing in biomanufacturing, clean and high-performance consumer products.

• Syensqo
• Bota Bio

The Board of Directors of BASF India Ltd has approved the closure of the Turbine Tube Dryer (TTD) unit at Dahej manufacturing site, which is associated with the company’s Care Chemicals business.

• BASF
• TTD
• Turbine Tube Dryer

LG Chem and Lotte Chemical both posted losses in 2024, and executives at both companies said this week that the losses were mainly dragged down by oversupply, which will continue this year, while trade turmoil dampens the global economic outlook.

• LG chem
• Lotte chemical

Pfizer disclosed a $2 billion impairment on its intangible assets, specifically related to Vadistuzumab (an anti-HER2 ADC) acquired from Rongchang Biopharma.

The global pharmaceutical landscape has dramatically shifted as 2025 approaches, marking a significant reshuffle among the top players.

Dow Inc. released its financial results for the fourth quarter of 2024, reporting $10.4 billion in net sales, a 2% decline year-over-year, primarily due to decreased performance in the packaging and specialty plastics segment.

BASF now launches Basotect EcoBalanced, the world’s first melamine foam, which helps reduce the carbon footprint of products for a variety of sound absorption applications in the transportation and construction industries.

• BASF
• Basotect EcoBalanced
• melamine foam

U.S. Department of Justice announced that Pfizer's wholly-owned subsidiary Biohaven Pharmaceutical Holding Company has agreed to pay $59.74 million (approximately 434 million RMB) to resolve allegations related to false claims.

TA'ZIZ, founded by UAE energy giant Abu Dhabi National Oil Company (ADNOC) and local sovereign investment firm ADQ, announced an investment of 1.7 billion USD to construct the UAE's first methanol plant.

BASF Group recently released preliminary financial data for 2024, forecasting sales to reach 65.3 billion euros, down from 68.9 billion euros in 2023. Despite a slight increase in volume, the company has experienced a decline in sales prices.

Shanghai Petrochemical (SPC) announced that it will invest about 3.196 billion yuan to expand its large-tow carbon fiber production capacity.

• SPC
• carbon fiber

BASF’s Coatings division has successfully transitioned its North American sites in Greenville, Ohio and Blackman Township, Jackson County, Michigan, to 100% renewable electricity starting January 2025.

• BASF

Azelis announces the reopening of four application and formulation labs in the UK dedicated to the personal care, home care and industrial cleaning, pharmaceutical and healthcare, and food and nutrition markets.

• Azelis