Company Dynamic
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Dow Chemical's European Sales Down 15%; Plans to Close Texas PO Facility and Implement 20 Asset Actions to Cut Costs
2024-10-25Dow Inc. announced today that it is conducting a strategic review of its assets in Europe, which account for about 20 percent of sales in the region. The evaluation focused on the polyurethane business. In addition, Dow Chemical plans to close its propyle
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Sanofi Reports 14.4% Profit Growth, Surpassing Expectations, as Vaccine Sales Surge Causes Market Ripple
2024-10-25French pharmaceutical giant Sanofi reported its third-quarter financial results on Friday, showing profit growth that beat analysts' expectations. The increase was mainly due to a boost in seasonal vaccine sales.
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Lucas Meyer Cosmetics, a Clariant company, to launch new skin-friendly emulsifier based on quinoa
2024-10-25Clariant is pleased to announce the global launch of Pickmulse, a new O/W surfactant-free emulsifier and encapsulation system based on Lucas Meyer Cosmetics’ breakthrough, patented quinoa starch technology.
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Kumho Mitsui Chemicals puts new MDI production facility into operation
2024-10-25Mitsui Chemicals announced that its subsidiary Kumho Mitsui Chemicals, Inc., has started operating an additional diphenylmethane diisocyanate (MDI) production facility in late September.
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Henkel to invest €20 million in expansion of adhesives plant in Bopfingen, Germany
2024-10-25Henkel will invest a total of around €20 million in 2024 and 2025 to expand and modernize its adhesives plant in Bopfingen, Germany.
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BASF Ludwigshafen announces additional production capacity for expandable polystyrene (EPS) granules by 50,000 tonnes/year
2024-10-25BASF is strengthening its styrene value chain at the Ludwigshafen site by increasing annual production capacity for Neopor by 50,000 tonnes.
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BASF expands peptide portfolio with Pepsensyal
2024-10-24BASF’s Personal Care business unit is launching a new synthetic peptide for skin care applications.
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Evonik Announces New Strategy: Ambitious Goal to Double Sales in 10 Years, Yet Faces Economic Challenges
2024-10-24Anchoring the three major areas of biobased, energy transition and circular economy, Evonik has recently announced its new innovation strategy. The strategy will focus most of its R&D activities around three core innovation growth areas, biobased solution
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Prices Rise for 33 National Products! Volatile Changes in Petrochemical Prices, Sulfuric Acid Down 1%, Methanol Up 7.3%!
2024-10-24According to the recent news released by the National Bureau of Statistics, through the monitoring of the market prices of 50 important means of production in nine categories in the country's circulation field, the results show that in the comparison betw
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Syensqo partners with the Jean-Marie Lehn Foundation
2024-10-23To promote innovation and sustainability in the materials industry, Syensqo has entered into a partnership with the Jean-Marie Lehn Foundation.
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Samsung Biologics Signs $1.24 Billion Contract, Makes History but Faces Quality Crisis
2024-10-23Samsung Biologics officially announced on Tuesday that it has signed a contract manufacturing agreement with an Asian pharmaceutical giant worth up to $1.24 billion.
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Fire Breaks Out at Shanghai Pharmaceutical Giant! Cause Under Investigation
2024-10-23On October 15, 2024, a serious fire occurred at a pharmaceutical company near Fengpu Avenue, Fengxian District, Shanghai. At the scene of the fire, the flames were fierce, the flame was several meters high, and the surrounding area of the factory was fill
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Shell's $1.3 billion sale of onshore production facilities was rejected, Nigeria experiences petrochemical companies divestment
2024-10-23According to the Financial Times, Nigeria has blocked Shell's plan to sell its onshore oil production unit for $1.3 billion, disrupting the oil giant's plan to exit the shallow waters of the Niger Delta.
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Evonik and Kolmar Wuxi join forces to promote innovation in raw material and formulation research
2024-10-22Evonik and Kolmar Cosmetics (Wuxi) Co., Ltd. (Kolmar Wuxi) officially signed a strategic cooperation agreement in Wuxi, China.
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BASF Receives €310 Million Funding to Build World's Largest CO₂-Free Steam Production Project, Expected to Reduce Emissions by 98%
2024-10-22BASF announced on October 15 that it has successfully secured approximately €310 million in financial assistance from the German government. The money will be used to build the world's largest CO₂ free steam production industrial heat pump.
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PPG Industries' Financial Report Reveals a 10% Increase in Net Income Hidden Behind a $5.2 Billion Debt Crisis!
2024-10-22PPG Industries reported its third-quarter financial results last week, showing a strong quarter. Despite an increase in the effective income tax rate, the company achieved a 3% increase in adjusted earnings per share (EPS).
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Sanofi's Negotiations to Sell Opella Stake Exposed, €16 Billion Deal Triggers Threat of Strikes from French Unions!
2024-10-22Sanofi is currently in "exclusive talks" with U.S. private equity firm Clayton, Dubilier & Rice (CD&R) to sell a 50% controlling stake in its consumer healthcare business Opella.
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Pfizer Faces Price Cuts of 85% to 95%
2024-10-22In its final analysis of Pfizer Inc. 's widely used drug for transthyroid amyloid cardiomyopathy (ATRCM), the U.S. drug cost regulator called for a reduction of at least 85 percent from its current list price of nearly $268,000 a year to meet generally ac
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Engie strengthens its biomethane presence in Belgium with plant acquisition
2024-10-22French energy giant Engie recently announced the acquisition of a biomethane plant in Bree, Belgium, with an annual production capacity of 68 GWh.
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TotalEnergies sells its fuel distribution business
2024-10-22TotalEnergies has reached an agreement to sell its fuel distribution business in Brazil to SIM Distribuidora, a well-known Brazilian company. The transaction involves a network of approximately 240 gas stations and several petroleum products..
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