Company Dynamic
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Dow Plans to Shut Down Key Facilities and Assess European Assets as Sales Decline by 15%, Raising Market Concerns
2024-10-28Dow has announced that it is conducting a strategic review involving some of its assets in Europe. These assets account for about 20% of Dow's total European sales, mainly in the polyurethanes segment. In addition, Dow plans to close its Freeport, Texas,
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Johnson & Johnson and Eli Lilly Face New Challenges in Dermatology Market: 74% of Patients Show Significant Response to Tremfya
2024-10-28Johnson & Johnson (JNJ) and Eli Lilly (LLY), two pharmaceutical giants, are expected to get new data on their key drugs in the highly competitive dermatology market. Johnson & Johnson evaluated the use of its drug Tremfya in patients with moderate plaque
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Merck's RSV Antibody Faces Major Challenges vs. Sanofi's Beyfortus Exhibiting 83% Efficacy in Reducing Hospitalization
2024-10-28While Merck & Co. 's infant respiratory syncytial virus (RSV) antibody clesrovimab is nearing approval, sanofi also won approval last year for its RSV prevention drug beyforts in partnership with astrazeneca. This news undoubtedly brings new hope to the g
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A Beigene Executive Is Under Investigation By Chinese Authorities
2024-10-28A Beigene executive is under investigation by Chinese authorities, according to several local media reports.
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Ineos Styrolution confirms it will not restart Sarnia plant
2024-10-28Styrenics materials supplier Ineos Styrolution recently confirmed it will not restart its styrene monomer production plant in Sarnia, Ontario, Canada, which has been closed since April 2024.
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AkzoNobel's £7.7 billion takeover offer for Imperial Chemical Industries rejected
2024-10-28According to the Sunday Telegraph, Imperial Chemical Industries (ICI), a producer of paints, adhesives and specialty products, is rejecting a second takeover offer from its Dutch rival Akzo Nobel for £7.7 billion.
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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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