Company Dynamic

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.

On August 28, the Center for Drug Evaluation (CDE) under the National Medical Products Administration (NMPA) of China announced on its official website that Sanofi's application for the marketing of Tilizumab injection has been officially accepted.

The interim analysis showed that the combination of Keytruda and stereotactic radiotherapy (SBRT) did not significantly improve event-free survival or overall survival in patients with stage I or II non-small cell lung cancer (NSCLC)

Kolmar Korea plans to build a second plant in the U.S. early next year. To this end, the cosmetics maker has appointed a new head of North American operations and a global chief commercial officer (GCCO).

• Kolmar
• Korea

PPG announced it has expanded its facility in Petaling Jaya, Malaysia, to produce nonstick coatings for cookware, industrial bakeware and low-friction applications.

• PPG
• low-friction coatings

Nouryon has announced a strategic distribution agreement with Brenntag Specialties, a global market leader in chemicals and ingredients distribution, to bring Nouryon’s cleaning portfolio to Mexico.

• Nouryon
• Brenntag

BASF will stop the production of adipic acid, cyclododecanone (CDon) and cyclopentanone (CPon) at the Ludwigshafen site.

• BASF

PPG, a global leader in paints, coatings and specialty materials, announced on August 29 that it will sell its silica products business to QEMETICA, a privately held manufacturer of soda ash, silicates and other specialty chemicals.

• PPG
• QEMETICA

Wanhua Chemical has launched a 48,000-ton annual citral production facility in Yantai. All processes have been successfully put into trial operation and qualified products have been smoothly produced.

• wanhua chemical
• citral

Kenvue, the maker of Tylenol, has won a class action lawsuit against U.S. consumers.

CBC Group and Abu Dhabi sovereign wealth fund Mubadala. The transaction amounts to $680 million (approximately 4.84 billion RMB).

Siemens Healthcare has agreed to acquire Novartis AG's diagnostics unit for $223.5 million, a move aimed at further strengthening its strength in cancer treatments.

Mitsubishi Chemical Group (MCG) announced that it has launched research on chemical recycling of end-of-life tires (ELT) using the coke oven at its Kagawa Works. The MCG Group plans to start selling sustainable carbon black made from ELT by March 2026.

• Mitsubishi chemical