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Company Dynamic

PPG Sells North American Coatings Business for $550 Million, Focusing on High-Profit Markets

PPG Sells North American Coatings Business for $550 Million, Focusing on High-Profit Markets

2024-12-06

On December 2, PPG Industries, a leading international coatings manufacturer, announced that it will sell its entire architectural coatings business in the United States and Canada (hereinafter referred to as "North American Architectural Coatings Busines

South Korean Government Pushes for Petrochemical Industry Restructuring to Aid Transformation to High-Value Chemical Products

South Korean Government Pushes for Petrochemical Industry Restructuring to Aid Transformation to High-Value Chemical Products

2024-12-06

In recent years, South Korea's petrochemical industry has faced significant challenges, including fierce competition from Chinese rivals and market oversupply.

GSK Invests $1 Billion for Exclusive License of ADC Drug DB-1324

GSK Invests $1 Billion for Exclusive License of ADC Drug DB-1324

2024-12-06

GlaxoSmithKline (GSK) has signed an exclusive licensing agreement with Eucure Biopharma, under which GSK acquires the rights to develop and commercialize the ADC drug DB-1324 globally, excluding mainland China, Hong Kong, and Macau.

Changes in AstraZeneca's Leadership: Iskra Reic Appointed Global Executive, Responsible for Strategy Across Five Continents

Changes in AstraZeneca's Leadership: Iskra Reic Appointed Global Executive, Responsible for Strategy Across Five Continents

2024-12-06

AstraZeneca officially announced on the evening of December 4 that Ms. Iskra Reic has been appointed as Executive Vice President and Head of International Business, succeeding Mr. Wang Lei, who has temporarily stepped down to cooperate with related invest

Kymera acquires thermal spray coating company Coating Center Castrop

Kymera acquires thermal spray coating company Coating Center Castrop

2024-12-06

Specialty materials and surface technology company Kymera International announces the successful acquisition of Coating Center Castrop GmbH.

Eternis Fine Chemicals Completes Acquisition of Sharon Personal Care

Eternis Fine Chemicals Completes Acquisition of Sharon Personal Care

2024-12-06

Eternis Fine Chemicals Ltd announces that it has completed the acquisition of 100% of Sharon Personal Care, a company with innovative laboratories and manufacturing capabilities in Italy and Israel.

AstraZeneca's 'Star Program' Fraud Case Involves 30 Million Yuan

AstraZeneca's 'Star Program' Fraud Case Involves 30 Million Yuan

2024-12-04

As of the latest official reports, the personnel involved in the AstraZeneca medical insurance fraud case have not mentioned patients or doctors. However, this protracted "insurance fraud" case has yet to reach a conclusion.

Pharmaceutical Giants Surge: Merck Revenue Soars 18%! Eli Lilly Reports $31.5 Billion in Q1-3 Revenue

Pharmaceutical Giants Surge: Merck Revenue Soars 18%! Eli Lilly Reports $31.5 Billion in Q1-3 Revenue

2024-12-04

Merck's revenue grew by 18% in the third quarter, with projected annual sales of Keytruda exceeding $29 billion, potentially reaching $30 billion. The 15-valent pneumonia vaccine generated $239 million in revenue, a 13% increase.

Lecta announces divestiture of self-adhesive business in 2025

Lecta announces divestiture of self-adhesive business in 2025

2024-12-04

Lecta, a European manufacturer and distributor of specialty papers for labels and packaging, announces the spin-off of its self-adhesive business unit from Torraspapel SAU. The spin-off will take effect on January 1, 2025.

BASF expands sustainable portfolio in Lemford

BASF expands sustainable portfolio in Lemford

2024-12-04

BASF has completed the International Sustainability and Carbon Certification (ISCC) PLUS certification program for the production of biomass-balanced thermoplastic polyurethanes at its production site in Lemford, Germany.

INEOS Enterprises Signs Agreement to Sell INEOS Composites to KPS Capital Partners

INEOS Enterprises Signs Agreement to Sell INEOS Composites to KPS Capital Partners

2024-12-04

INEOS Enterprises has reached an agreement with KPS Capital Partners to sell the INEOS Composites business to the latter for an estimated consideration of approximately €1.7 billion upon completion of the transaction.

Givaudan increases encapsulation technology capacity in Mexico

Givaudan increases encapsulation technology capacity in Mexico

2024-12-04

To strengthen its competitive advantage in Latin America, Swiss flavors, fragrances and active cosmetic ingredients manufacturer Givaudan has inaugurated a newly expanded production facility at its Pedro Escobedo site in Mexico.

The largest investment in China! Sanofi to invest 1 billion euros to build a new insulin production base in Beijing

The largest investment in China! Sanofi to invest 1 billion euros to build a new insulin production base in Beijing

2024-12-04

Sanofi announced its largest investment in China, pledging 1 billion euros to build a new insulin production facility in the Beijing Economic and Technological Development Zone.

Foxconn Establishes 200-Acre Battery Plant in India, Challenges and Opportunities Ahead

Foxconn Establishes 200-Acre Battery Plant in India, Challenges and Opportunities Ahead

2024-12-03

Recently, international media reported that the Tamil Nadu government in India has offered Foxconn approximately 200 acres of land to advance the construction of its planned Battery Energy Storage System (BESS) factory, with negotiations nearing completio

Zhejiang Jinggong Integration Technology Signs 1.7 Billion Contract, Saudi GIM and Sichuan Zhongyi Huixin Agreement Finalized

Zhejiang Jinggong Integration Technology Signs 1.7 Billion Contract, Saudi GIM and Sichuan Zhongyi Huixin Agreement Finalized

2024-12-03

Recently, as a leading enterprise in the carbon fiber equipment industry, Zhejiang Jinggong Integration Technology successfully signed two major contracts totaling 1.764 billion RMB, surpassing the company’s projected annual revenue of 1.54 billion RMB fo

Japanese Chemical Companies’ Financial Reports: Mitsubishi's Profit Drops by 39.1%, Toray Rises by 92.6%

Japanese Chemical Companies’ Financial Reports: Mitsubishi's Profit Drops by 39.1%, Toray Rises by 92.6%

2024-12-03

Recently, major Japanese chemical companies released their financial reports for the first half of the 2024-2025 fiscal year. The reports indicate that due to rising raw material costs, the profitability of these companies generally remains unsatisfactory

Novo Nordisk to Launch Wegovy in 2026, Escalating Weight Loss Drug Competition

Novo Nordisk to Launch Wegovy in 2026, Escalating Weight Loss Drug Competition

2024-12-03

According to two sources familiar with the plan, Danish pharmaceutical giant Novo Nordisk is establishing a new label team in India to strengthen its global market leadership, aiming to launch its popular weight loss drug Wegovy ahead of competitors like

Sanofi to Invest €1 Billion in Insulin Production Base in Beijing

Sanofi to Invest €1 Billion in Insulin Production Base in Beijing

2024-12-03

Sanofi announced on Monday plans to invest approximately €1 billion (equivalent to $1.05 billion) to build a new insulin production base in Beijing. This move will represent the French pharmaceutical giant's largest single investment in China to date.

Over 2,000 Layoffs in 19 Global Pharma Companies, Johnson & Johnson and Merck Restructure Operations in China

Over 2,000 Layoffs in 19 Global Pharma Companies, Johnson & Johnson and Merck Restructure Operations in China

2024-12-03

According to the latest monitoring data, at least 19 pharmaceutical companies globally announced layoffs or business streamlining plans in November.

Zhejiang Anglikang Invests 79.91 Million for 4,105 Tons of Key Antibiotic Raw Material Production

Zhejiang Anglikang Invests 79.91 Million for 4,105 Tons of Key Antibiotic Raw Material Production

2024-12-03

Recently, Zhejiang Anglikang Pharmaceutical Co., Ltd. has completed the filing and public announcement for a project to produce 4,105 tons of D(-)-Hydroxyphenylglycine Methyl Ester and 1,230 tons of D(-)-Phenylglycine Hydrochloride.

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