Company Dynamic

Oct. 4 | AkzoNobel said it will explore options for its South Asian decorative coatings business as part of a strategic review, including entering into partnerships, pursuing mergers or selling assets.

Shares of British pharmaceutical giant GlaxoSmithKline (GSK) rose a remarkable 6.5% on Thursday after the company announced it would pay up to $2.2 billion to settle a series of lawsuits in the United States.

Ian Read, the former chief executive of Pfizer, and Frank D 'Amelio, the former chief financial officer, have made it clear that they will not be involved in a deal by activist investor Starboard Value against the company.

In a formal statement, COMCO explained in detail that the committee has been in the process of investigating the matter since September 2022.

SABIC has joined forces with Lamb Weston, a major global brand owner and producer of frozen potato products, to create low-weight sustainable bags with thin co-extruded film structures using a closed-loop process.

• SABIC
• Lamb Weston
• Opack Group

Jungbunzlauer, a producer of high-quality sustainable natural ingredients, is breaking ground on its first xanthan gum plant in Canada, which will add another $200 million to the company’s existing facility in Port Colborne, Ontario.

• Jungbunzlauer

Evonik Oxeno is significantly expanding the production capacities for its INA-based plasticizers ELATUR CH (DINCH) and ELATUR DINCD. These products were launched in recent years and have now become the new standard plasticizers for Evonik Oxeno customers.

• Evonik Oxeno

The INEOS purified terephthalic acid (PTA) plant in Geel, Belgium, is threatened with closure as regulators attempt to set unattainable environmental targets for the plant, which has already pledged to reduce cobalt levels by 80%.

• INEOS
• PTA

The deep integration of experimental verification aims to lead programmable biology into a new era.

Back in June this year, Mitsui Chemical announced that due to technical obstacles, the 610,000 tons of ethylene plant in Japan was suspended, and the necessary maintenance work was planned to be completed by the end of July.

On October 4, Neste, Finland's leading petrochemical company, announced a partnership with Tepsa of the Netherlands to strengthen the infrastructure of chemical recycling logistics in Europe.

US contract development and manufacturing organization (CDMO) Piramal Pharma Solutions (PPS), part of India-based Piramal Pharma, plans to invest $80 million to expand its Lexington, Kentucky facility.

• Piramal

Symrise recently opened a new office in Barcelona, Spain. The office will serve as a hub for ideation, creativity and collaboration for fragrances and cosmetic ingredients in the Scent & Care division.

• Symrise

Evonik and BASF have reached a cooperation agreement for the first delivery of BASF's ammonia BMBcert™ products. This continued cooperation highlights the commitment of both companies to provide products with a lower carbon footprint.

• Evonik
• BASF
• ammonia BMBcert™

The difference between niacin and niacinamide is that both are vitamin B3 but differ in their uses, benefits, side effects and interactions of taking these supplements.

• difference between niacin and niacinamide

In this article, you will learn the difference between magnesium citrate and glycinate, including their health benefits and uses.

• difference between magnesium citrate and glycinate

Evonik, a leading global silica producer, has announced the official start of a major expansion project at its Charleston plant in Berkeley County, South Carolina.

• Evonik

Lonza Group, one of the world’s largest healthcare development and manufacturing organizations, announced the purchase of Genentech’s large-scale biologics manufacturing site in Vacaville, USA, from Roche for $1.2 billion.

• Lonza
• Roche
• Genentech

Specialty chemicals company LANXESS signed a contract on October 3 to sell its polyurethane systems business to Japan's Ube Kosan Co., Ltd. The business is valued at 460 million euros and has expected revenue of approximately 500 million euros.

• Ube Kosan
• LANXESS
• polymer business

Abu Dhabi National Oil Company (ADNOC) said on October 1 that it agreed to acquire Covestro for $16.4 billion.

• ADNOC
• Covestro