Company Dynamic

BASF, based in Ludwigshafen, Germany, has officially received funding approval from the German Federal Ministry for Economic Affairs and Climate Action to promote the construction of the world's most powerful industrial heat pump project.

Evonik, the German specialty chemicals giant, officially announced on October 11 that its coatings and adhesive resins business and healthcare business will undergo major restructuring.

PPG, a global leader in paints, coatings and specialty materials, announced on the 18th that it has reached a definitive agreement to sell 100% of its architectural coatings business in the United States and Canada to industrial investor AIP.

• PPG

Stahl has announced the opening of a new state-of-the-art plant in Singapore to produce polyurethane dispersions (PUDs). This strategic expansion is designed to better meet the growing demand in Asia and the South Pacific.

• Stahl

Sekisui Chemical High Performance Plastics has filed a lawsuit against Kuraray Europe GmbH, a subsidiary of Kuraray Co., Ltd., for infringement of its European patents at the 1st District Court of Munich, Germany.

• Sekisui Chemical
• Kuraray

Leibniz Institute for Catalysis Research (LIKAT) and Henkel have worked together to develop an innovative bio-based adhesive whose production is based on the desticking technology of carbohydrates and vegetable oils.

On October 16, 2024, Clariant, a specialty chemicals company focused on sustainability, announced a remarkable achievement.

On October 16, 2024, global pharmaceutical company GSK announced that the US Food and Drug Administration (FDA) has officially accepted their New Drug marketing application (NDA) for Gepotidacin and granted the drug priority review.

German tech giant Merck has revised its medium-term growth targets for its life sciences and healthcare businesses, anticipating improved growth prospects in the Chinese market.

Novartis is trying to do everything possible to keep a generic version of its blockbuster heart failure drug Entresto off the U.S. market. Despite numerous legal hurdles, the company has failed to gain regulatory approval.

On October 15, 2024, TRIANA Biomedicines announced a major announcement that it has entered into a strategic collaboration and licensing agreement with world-renowned pharmaceutical giant Pfizer.

Braskem, a global biopolymer producer, and SCG Chemicals, a leading petrochemical company in Thailand and Southeast Asia, have signed a joint venture agreement to establish Braskem Siam Company Limited.

• Braskem
• SCG Chemicals

IMCD, a leading global distributor of specialty chemicals and ingredients, has announced the opening of a new microbiology laboratory in Jakarta, Indonesia.

• IMCD

Safic-Alcan announces a new distribution partnership with Carbon Waters, an innovative French startup focused on advanced sustainable additives.

• Safic-Alcan
• Carbon Waters

BASF has expanded its biological solutions offering with the introduction of seaweed biostimulants from Acadian Plant Health, a leading marine plant harvesting, cultivation and ingredient extraction company based in Dartmouth, Canada.

• BASF
• Acadian

The British government is planning a study to assess whether a new weight-loss drug from US pharmaceutical giant Eli Lilly can help people regain their ability to work and have a positive impact on tackling high rates of long-term disease.

Johnson & Johnson raised its 2024 profit and sales forecast on Tuesday, following strong oncology drug sales and quarterly results that beat Wall Street expectations.

The plasticizer dioctyl phthalate (DOP) market showed a trend of jumping high and going high, and its rising power mainly came from the cost support brought by the tight supply of octanol and the rising price.

The time frame for this investigation is set to be the dumping investigation period from July 1, 2023 to June 30, 2024, while the injury investigation period covers the period from January 1, 2021 to June 30, 2024.

Mitsubishi Chemical Group has decided to expand the production capacity of ion exchange resins at its Fukuoka Plant in Kitakyushu, Japan. The upgraded facility is scheduled to be operational in April 2026.

• Mitsubishi chemical