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Company Dynamic

AstraZeneca Fraud Case: Over 100 Employees Involved, Medicare Fund Loss Exceeds 1.44 Million

AstraZeneca Fraud Case: Over 100 Employees Involved, Medicare Fund Loss Exceeds 1.44 Million

2024-12-13

The AstraZeneca employee fraud case involves sales personnel in China who allegedly forged or altered tumor gene testing reports to defraud the national Medicare fund, particularly concerning AstraZeneca's lung cancer treatment drug, Tagrisso.

Starbucks Japan to Fully Replace Straws with Bio-Based Plastic by 2025

Starbucks Japan to Fully Replace Straws with Bio-Based Plastic by 2025

2024-12-13

Starbucks CEO Takafumi Mizuguchi stated: "We have listened carefully to our customers' feedback on their drinking experience and conducted in-depth research and improvements. In the future, we will continue to accelerate our business activities related to

Guoxuan High-Tech Announces €2.5 Billion Investment in Battery Production Bases in Slovakia and Morocco

Guoxuan High-Tech Announces €2.5 Billion Investment in Battery Production Bases in Slovakia and Morocco

2024-12-13

As for the 20GWh project in Morocco, it will be implemented by Guoxuan's registered holding subsidiary, Gotion Power Morocco S.A., established on July 12, 2024. This project is also planned to be phased, with completion expected within five years, with sp

ExxonMobil unveils major plan: 18% increase in oil and gas production by 2030

ExxonMobil unveils major plan: 18% increase in oil and gas production by 2030

2024-12-13

ExxonMobil (XOM) unveiled an ambitious plan to increase its oil and gas production by 18% by 2030, which will be driven by annual project spending ranging from $28 billion to $33 billion between 2026 and 2030.

BASF opens catalyst development and solid processing center in Ludwigshafen

BASF opens catalyst development and solid processing center in Ludwigshafen

2024-12-13

On December 12, 2024, BASF officially opened its new catalyst development and solid processing center in Ludwigshafen, Germany.

Azelis and AAK partner for personal care business in Korea

Azelis and AAK partner for personal care business in Korea

2024-12-13

Azelis, a leading innovative service provider to the specialty chemicals and food ingredients industries, is pleased to announce a new distribution agreement with AAK.

LinkedIn “Likes” Trigger Investigation of Pharma Giants

LinkedIn “Likes” Trigger Investigation of Pharma Giants

2024-12-12

Recently, investigations by the UK’s Prescription Medicines Code of Practice Authority (PMCPA) have put pharmaceutical giants AstraZeneca and GlaxoSmithKline (GSK) in the spotlight. This incident not only reveals the strictness of compliance overseas but

Dow to Sell 40% of Assets for $2.4 Billion in 2025

Dow to Sell 40% of Assets for $2.4 Billion in 2025

2024-12-12

Dow Chemical Company recently announced that it has officially signed an agreement to sell 40% ownership of certain infrastructure assets located along the U.S. Gulf Coast to a fund managed by Macquarie Asset Management. This transaction is expected to ge

BASF expands ammonium chloride production capacity at Ludwigshafen site by 50%

BASF expands ammonium chloride production capacity at Ludwigshafen site by 50%

2024-12-12

BASF has expanded its ammonium chloride production capacity at its Ludwigshafen site, increasing production capacity by 50% and improving product quality.

Covestro adds to Asia Pacific! Partially bio-based coating raw material production line landed in Foshan, China

Covestro adds to Asia Pacific! Partially bio-based coating raw material production line landed in Foshan, China

2024-12-12

Covestro has further advanced its localization and sustainability efforts in the Asia Pacific region and started producing a partially bio-based coating raw material that is widely used in construction and infrastructure applications.

Fuller Invests $180 Million to Acquire Two Leaders in Medical Adhesive Technology

Fuller Invests $180 Million to Acquire Two Leaders in Medical Adhesive Technology

2024-12-11

These two companies will operate under Fuller's Health Care, Medical, and Consumer Adhesives Global Business Division (HHC). With a total acquisition price of €180 million, the valuation of these two acquisitions is 15.5 times the pre-synergy EBITDA and i

AstraZeneca's 490 Million Talent Retention Plan: The Cost of Targeting N+3 Laid-off Employees

AstraZeneca's 490 Million Talent Retention Plan: The Cost of Targeting N+3 Laid-off Employees

2024-12-11

According to the official announcement, AstraZeneca commits to providing a cash reward of 10% of the annual salary for employees below the managerial level, while those at the managerial level and above will receive a 20% equity incentive.

Givaudan expands encapsulation technology production capacity in Mexico

Givaudan expands encapsulation technology production capacity in Mexico

2024-12-11

As part of its 2025 strategy "Committed to Growth with Purpose", Givaudan announces the opening of its newly expanded production facility at the Pedro Escobedo site to increase its competitive advantage in Latin America.

AkzoNobel supplies coatings for Sinopec overseas construction projects

AkzoNobel supplies coatings for Sinopec overseas construction projects

2024-12-11

AkzoNobel's Marine and Protective Coatings business unit has signed a memorandum of cooperation with Sinopec to support the latter's coating supply for overseas construction projects and jointly promote the continued transformation to green energy.

Covestro and Selena launch innovative adhesive for bricklaying

Covestro and Selena launch innovative adhesive for bricklaying

2024-12-11

German materials manufacturer Covestro and global construction materials distributor Poland’s Selena Group continue their partnership to create a sustainability pioneer in the construction industry.

INEOS Styrolution to sell its stake in Map Ta Phut plant in Thailand

INEOS Styrolution to sell its stake in Map Ta Phut plant in Thailand

2024-12-10

INEOS Styrolution announced on December 9 that it has signed a definitive agreement to sell its acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) production site in Map Ta Phut, Thailand, to Styrenix Performance Materials Limited.

Coty Enters Beauty Market with Long-Term Agreement with Swarovski

Coty Enters Beauty Market with Long-Term Agreement with Swarovski

2024-12-10

Coty has joined forces with Swarovski, the world-renowned crystal brand, to announce a long-term beauty licensing agreement with the opportunity to develop, produce and distribute new fragrance concepts.

Nouryon Opens Coatings Application Center in the United States

Nouryon Opens Coatings Application Center in the United States

2024-12-09

Nouryon, a global leader in specialty chemicals, has announced that it has opened a new coatings application center in Bridgewater, New Jersey, USA.

Nouryon Launches Expancel BIO Microspheres

Nouryon Launches Expancel BIO Microspheres

2024-12-09

Nouryon has announced that it will launch the product concept Expancel BIO Microspheres at Foam Expo Europe 2024 in Stuttgart, Germany.

IMCD Opens Beauty & Personal Care Centres in the UK

IMCD Opens Beauty & Personal Care Centres in the UK

2024-12-09

IMCD, a leading global distribution partner and formulator of specialty chemicals and ingredients, has opened two new specialist facilities in the UK to enhance its technical services and capabilities.

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