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Company Dynamic

BASF Raises MDI Prices by $300/Ton

BASF Raises MDI Prices by $300/Ton

2025-01-10

On 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

BASF Sells Styrodur Business

BASF Sells Styrodur Business

2025-01-10

BASF has signed an agreement with BACHL to sell its extruded polystyrene (XPS) insulation material Styrodur business.

Hindustan Unilever Rumored to Acquire Minimalist

Hindustan Unilever Rumored to Acquire Minimalist

2025-01-09

Hindustan 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.

PPG Architectural Coatings Business to Be Renamed The Pittsburgh Paints Company After Sale

PPG Architectural Coatings Business to Be Renamed The Pittsburgh Paints Company After Sale

2025-01-09

PPG has sold its architectural coatings business, which will be renamed The Pittsburgh Paints Company.

Novo Nordisk Partners with Valo for $4.6 Billion Obesity Drug Expansion

Novo Nordisk Partners with Valo for $4.6 Billion Obesity Drug Expansion

2025-01-09

Novo 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

Covestro to Invest Millions of Euros to Expand Production Capacity in the U.S. by 2025

Covestro to Invest Millions of Euros to Expand Production Capacity in the U.S. by 2025

2025-01-09

On 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

Dow to Raise Prices on Ethylene Glycol Ethers by 5% Starting January 6

Dow to Raise Prices on Ethylene Glycol Ethers by 5% Starting January 6

2025-01-09

Starting 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

BASF Builds New Catalyst Center with €20 Million Investment

BASF Builds New Catalyst Center with €20 Million Investment

2025-01-09

On 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

Phillips 66 Expands with Recent Acquisitions

Phillips 66 Expands with Recent Acquisitions

2025-01-09

Phillips 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.

NEXTCHEM and Röhm Partner to Recycle PMMA Using NXRe™ Technology

NEXTCHEM and Röhm Partner to Recycle PMMA Using NXRe™ Technology

2025-01-09

MAIRE 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.

Coca-Cola China Undergoes Major Leadership Change, New General Manager Takes Office!

Coca-Cola China Undergoes Major Leadership Change, New General Manager Takes Office!

2025-01-08

China 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

Sanofi Pays $275 Million for Alloy's Breakthrough CNS Drug Development

Sanofi Pays $275 Million for Alloy's Breakthrough CNS Drug Development

2025-01-08

Alloy 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

80 batches of drugs recalled urgently! A major decision by the National Medical Products Administration

80 batches of drugs recalled urgently! A major decision by the National Medical Products Administration

2025-01-08

Recently, 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

China Launches Anti-Dumping Investigation on Indian Cypermethrin

China Launches Anti-Dumping Investigation on Indian Cypermethrin

2025-01-08

According 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

Industrial Profits Down 4.7% This Year, Oil Industry Loses 182.1%!

Industrial Profits Down 4.7% This Year, Oil Industry Loses 182.1%!

2025-01-08

Specifically, 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%

Mitsubishi Chemical Terminates $300 Million MMA Plant Plan in the U.S.

Mitsubishi Chemical Terminates $300 Million MMA Plant Plan in the U.S.

2025-01-08

In 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

Covestro and DB Cargo BTT Partner to Provide Sustainable MDI Transport to Poland

Covestro and DB Cargo BTT Partner to Provide Sustainable MDI Transport to Poland

2025-01-08

Covestro is working with logistics specialist DB Cargo BTT to transport chemicals to and within Poland in a more efficient and sustainable way.

Mitsubishi Chemical Halts Geismar MMA Monomer Plant Project

Mitsubishi Chemical Halts Geismar MMA Monomer Plant Project

2025-01-08

Mitsubishi 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.

U.S. Initiates Anti-Dumping Investigation on Float Glass from China and Malaysia, $14 Million Affected

U.S. Initiates Anti-Dumping Investigation on Float Glass from China and Malaysia, $14 Million Affected

2025-01-07

According 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

Eli Lilly’s New Drug Mounjaro Launched on January 2, Approved for Two Indications

Eli Lilly’s New Drug Mounjaro Launched on January 2, Approved for Two Indications

2025-01-07

The 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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