Company Dynamic

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

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