Market Flash

To achieve this ambitious goal, the company plans to reallocate about 600 positions in support functions, while outsourcing some work processes to improve efficiency and competitiveness.

PD Ports will provide specialized logistics and warehousing operations for Venator's facility in Dalam, covering the entire process from raw materials to finished products.

Epichlorohydrin, as a vital chemical intermediate, plays an indispensable role in many fields such as epoxy resins, antifreeze agents, pesticides and pharmaceuticals.

The German manufacturer of precision cosmetic applicators has applied its micro-bristle technology to the sensory experience of the world of perfume.

• Geka
• perfume gel

On September 3, East China Engineering Science and Technology Co., Ltd. (ECEC), an engineering construction service provider under China National Chemical Engineering Group Co., Ltd., won the bid for Bolivia's first large-scale chemical plant construction

• East China Engineering Science and Technology
• ECEC
• Bolivian chemical project

Under the guidance of the noble mission of maintaining food safety, the California Legislature passed the California Food Safety Act with a high sense of responsibility and mission.

The move, if implemented, would be the first time in Volkswagen's history that it has closed a plant in Germany.

Biocoat Incorporated, a developer, manufacturer and applicator of hydrophilic coatings for medical devices, has been granted a patent for “Methods and Apparatus for Lumen Coating.”

• Biocoat
• Thermo-Hydrophilic coating

Olon continues its growth momentum and increases its total production capacity with the acquisition of Huvepharma Italia and its plant in Garessio, Cuneo, in northwestern Italy.

• Olon
• Huvepharma Italia

Vientumab is indicated for the treatment of locally advanced or metastatic uroepithelial carcinoma in adult patients who have previously received platinum-containing chemotherapy and programmed death receptor-1 or programmed death ligand-1 inhinitors.

On September 3, 2024, the Livestock Development Bureau of the Ministry of Agricultural Cooperation of Thailand reported that the outbreak of bovine nodular skin disease was confirmed in Tawangpa County, Thailand, on July 23.

According to a recent Rabobank report, China's seafood import market is expected to reach $29 billion (26 billion euros) by 2030, with salmon producers in Norway and Chile expected to benefit.

On August 30, 2024, the Cabinet Office of Japan issued a notice No. 108, establishing the production and processing standards for functional foods in specific forms, which involve naturally extracted ingredients.

Thanks to the popularity of spicy instant noodles, exports of instant noodles increased 31.7 percent year-on-year to 800 million U.S. dollars (about 1.1 trillion won), two months ahead of schedule. Snack goods exports increased 15.4% to $494 million.

Arkema reorganizes its Executive Committee. Sophie Fouillat is appointed Chief Strategy Officer of the Group, succeeding Bernard Boyer who is retiring, effective October 1, 2024.

• Arkema

Raízen and Vertoro, a Dutch biotech accelerator, announced the signing of a Joint Development Agreement (JDA) to enhance the value of lignin by converting it into advanced sustainable biofuels, chemicals and materials.

• Raízen
• Vertoro
• lignin

In the second half of August 2024, European dimethyl carbonate prices stabilized. As the market reopened, business transactions accelerated, and market participants reported that trading activities were also rebounding.

• European
• dimethyl carbonate

Masco Corporation announced that it has signed a definitive agreement to sell its Kichler Lighting business to an affiliate of Kingswood Capital Management for approximately $125 million, subject to customary adjustments.

• Masco corporation
• Kichler lighting

IFFO noted that this increase was mainly due to a successful fishing season in Peru, which has the largest anchovy fishery in the world.

Under the agreement, the two companies will jointly develop two small molecule therapies targeting long non-coding Rnas (lncrnas), with the aim of further strengthening Bayer's R&D pipeline in precision oncology.