Company Dynamic

In the context of the current economic situation, some industry leaders have actively taken measures to stabilize the supply chain and ensure the stability of the supply chain and the rationality of prices.

PSE Group, a provider of automotive refinish and specialty coatings solutions, announces the acquisition of RMS Pro Finishes, a provider of high-quality automotive refinish and related products.

• PSE
• RMS Pro Finishes

Saipem has been awarded two offshore contracts in Saudi Arabia under its existing long-term agreement with Saudi Aramco. The total value of the two contracts is approximately $1 billion.

• Saipem
• Saudi Aramco

Evonik has upgraded the production of its high-performance foam Rohacell at its main plant in Darmstadt, Germany, to use only electricity from renewable sources.

• Evonik
• Rohacell foam

Evonik officially opened its new production of cosmetic emollients, which are produced by enzymatic esterification, at the Steinau plant in Germany.

• Evonik
• enzymatic esterification

Pfizer recently announced that it has completed the acquisition of Seagen, which specializes in antibody drug coupling agents (ADCs), for $43 billion.

ABU Dhabi National Oil Company (ADNOC) is close to completing a comprehensive review of Covestro (1COV.DE), a move that marks a new stage in a potential deal worth up to 11.7 billion euros ($13 billion).

According to media reports, South Korea's leading steel and battery materials producer POSCO Group, plans to invest in Tanzania's second largest natural graphite mine project.

The beauty retailer is cutting jobs in the face of a challenging Chinese market amid falling demand. According to the LVMH unit, "less than 3%" of its 4,000 employees in China will face layoffs.

• Sephora

The exploration and production (E&P) business of Wintershall Dea (excluding Russia-related activities) was transferred to Harbour Energy plc on September 3, 2024.

• Wintershall Dea
• basf

Pharmaceutical giant Mundipharma International, part of the world-renowned Sackler Family, has failed for the second time to find a suitable buyer for its China unit in an asset disposal process restarted this year.

The Indonesian president on Monday announced his country's intention to sign commercial contracts totaling $3.5 billion with African countries during the second Indonesia-Africa Forum in Bali.

On August 29, PPG Industries, a leader in the global coatings industry, announced that after a thoughtful strategic review, it has reached an agreement to sell its silicon dioxide products business to QEMETICA Corporation for approximately $310 million.

China's state-owned oil and chemicals company Sinochem plans to sell its 40% stake in a US shale gas joint venture, valuing it at more than $2bn, according to a Reuters report.

UCB, a Belgian-based biopharmaceutical company, will sell its mature neurology and allergy business in China to Singapore-based asset management group CBC and Abu Dhabi-based investment company Mubadala for US$680 million (about 4.843 billion yuan).

• UCB

Mitsui Chemicals has decided to exit the styrene-acrylic resin and polyester resin related business for toner binders, mainly involving the ALMATEX™ and ALMASTAR™ brands.

• Mitsui chemicals

BASF officially announced on August 29 that as an important part of the restructuring of the integrated site in Ludwigshafen, Germany, the company has decided to stop the production of adipic acid and its related downstream products at the site.

Recently, Evonik officially announced that the methionine MetAMINO production base expansion project located in Singapore has been successfully completed ahead of schedule.

On August 21, 2024, Hengrui Pharmaceutical announced its remarkable financial results: in the half year, the company's revenue reached 13.601 billion yuan, an increase of 21.78% over the same period last year;

The study was a double-blind, placebo-controlled trial that enrolled a large number of patients with AChR+, MuSK+, and/or LRP4+, who accounted for approximately 95% of the total number of patients with gMG.