Company Dynamic
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BASF Raises MDI Prices by $300/Ton
2025-01-10On January 7, 2025, BASF announced that, effective immediately under contractual terms, it will implement a price adjustment for Lupranate® MDI (Methylene Diphenyl Diisocyanate) MS series products in the ASEAN and South Asian regions, with a specific incr
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BASF Sells Styrodur Business
2025-01-10BASF has signed an agreement with BACHL to sell its extruded polystyrene (XPS) insulation material Styrodur business.
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Hindustan Unilever Rumored to Acquire Minimalist
2025-01-09Hindustan Unilever is rumoured to be close to a deal to acquire Minimalist for around Rs 3,000 crore. The skincare brand is backed by Unilever Ventures and Sequoia Capital India, and founders Mohit and Rahul Yadav are expected to retain a stake.
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PPG Architectural Coatings Business to Be Renamed The Pittsburgh Paints Company After Sale
2025-01-09PPG has sold its architectural coatings business, which will be renamed The Pittsburgh Paints Company.
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Novo Nordisk Partners with Valo for $4.6 Billion Obesity Drug Expansion
2025-01-09Novo Nordisk announced on January 8 that it has reached an expansion agreement with Valo Health, aiming to leverage Valo's extensive human datasets and AI-driven computational capabilities to discover and develop new treatments for obesity, type 2 diabete
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Covestro to Invest Millions of Euros to Expand Production Capacity in the U.S. by 2025
2025-01-09On January 8, 2025, Covestro announced it will invest millions of euros to expand its production capacity at the Hebron plant in Ohio, USA. This investment will be realized through the construction of multiple new production lines and infrastructure, aime
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Dow to Raise Prices on Ethylene Glycol Ethers by 5% Starting January 6
2025-01-09Starting January 6, Dow announced it will implement a price increase on various ethylene glycol ether products sold in the North American market. The products affected by this price adjustment include CELLOSOLVE™, CARBITOL™, and Butoxy Triethylene Glycol
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BASF Builds New Catalyst Center with €20 Million Investment
2025-01-09On December 12, 2024, BASF officially inaugurated a brand new catalyst development and solid-state process center in Ludwigshafen, Germany. This center will serve as a pilot synthesis center for chemical catalysts, aimed at accelerating the delivery of in
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Phillips 66 Expands with Recent Acquisitions
2025-01-09Phillips 66 announced that it has entered into a definitive agreement to acquire EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which owns various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems.
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NEXTCHEM and Röhm Partner to Recycle PMMA Using NXRe™ Technology
2025-01-09MAIRE announces that NEXTCHEM through its subsidiary MyRemono, has signed a toll manufacturing agreement with Röhm, under which Röhm will provide PMMA scrap feedstock for processing and chemical conversion into ultra-pure monomers of virgin quality.
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Coca-Cola China Undergoes Major Leadership Change, New General Manager Takes Office!
2025-01-08China Foods Limited, an important part of Coca-Cola's bottling business in China, recently announced a new appointment of the managing director. According to an announcement from the major shareholder of COFCO Coca-Cola, Qing Lijun resigned from the posit
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Sanofi Pays $275 Million for Alloy's Breakthrough CNS Drug Development
2025-01-08Alloy Therapeutics announced a specific target collaboration and licensing agreement with Sanofi focused on central nervous system (CNS) targets. This agreement involves Alloy's innovative and proprietary AntiClastic Antisense platform. Sanofi will levera
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80 batches of drugs recalled urgently! A major decision by the National Medical Products Administration
2025-01-08Recently, the National Medical Products Administration announced an important decision to stop the production, sale, and use of Hyoscine Butylbromide Tablets, and to revoke its drug registration certificate. According to the announcement issued by the Nat
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China Launches Anti-Dumping Investigation on Indian Cypermethrin
2025-01-08According to the Anti-Dumping Regulations of the People's Republic of China (hereinafter referred to as the "Anti-Dumping Regulations"), the Ministry of Commerce (hereinafter referred to as the "investigating authority") announced on May 7, 2024, in Annou
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Industrial Profits Down 4.7% This Year, Oil Industry Loses 182.1%!
2025-01-08Specifically, the total profit of the oil and natural gas extraction industry was 3,398.3 billion yuan, down 4.4% year-on-year; the total profit of the chemical raw materials and chemical products manufacturing industry was 3,804.7 billion yuan, down 9.3%
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Mitsubishi Chemical Terminates $300 Million MMA Plant Plan in the U.S.
2025-01-08In a press release dated December 9, 2020, Mitsubishi Chemical Corporation, a subsidiary of the Mitsubishi Chemical Group, announced its intention to build a new MMA monomer plant in Geismar, Louisiana, USA. This plant was to utilize the Group's proprieta
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Covestro and DB Cargo BTT Partner to Provide Sustainable MDI Transport to Poland
2025-01-08Covestro is working with logistics specialist DB Cargo BTT to transport chemicals to and within Poland in a more efficient and sustainable way.
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Mitsubishi Chemical Halts Geismar MMA Monomer Plant Project
2025-01-08Mitsubishi Chemical Corporation, a subsidiary of Mitsubishi Chemical Group, announced its decision to abandon plans to build a new methyl methacrylate (MMA) monomer plant in Geismar, Louisiana.
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U.S. Initiates Anti-Dumping Investigation on Float Glass from China and Malaysia, $14 Million Affected
2025-01-07According to the announcement from the Ministry of Commerce, on January 2, 2025, the U.S. Department of Commerce announced the initiation of anti-dumping and countervailing duty investigations on float glass imported from China and Malaysia. The scope of
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Eli Lilly’s New Drug Mounjaro Launched on January 2, Approved for Two Indications
2025-01-07The drug is suitable for the following two categories of adult patients: first, those with type 2 diabetes who, despite receiving treatment with metformin and/or sulfonylureas, still have unsatisfactory blood sugar control based on diet control and exerci
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