Market Flash

Stahl has agreed to acquire WEILBURGER Graphics GmbH, a Germany-based manufacturer of water-based and energy-curing coatings for the graphic arts and packaging industries.

• Stahl
• WEILBURGER Graphics

Evonik has successfully sold its superabsorbents business to International Chemical Investment Group (ICIG).

• Evonik

On August 30, 2024, Health Canada issued an official document, M-FAA-24-08, updating the list of approved food additives. In this update, brominated vegetable oil was removed. This change takes effect immediately from the date of announcement.

In the 34th week of 2024, French wheat spot prices experienced a rise, rebounding from multi-month lows at the beginning of the week. The change was attributed to the negative impact of rainy weather on French wheat yield and quality indicators.

South Korea Customs Service (customs) data on September 2, South Korea from January to July this year Kimchi (Kimchi, Sinchi) imports increased by 6.9%, 98.47 million US dollars, a record high.

On September 1, China Central Television's financial channel exposed the problem of "excessive sulfur" in the processing of goji berries in Jingyuan County, Gansu province.

AkzoNobel launches interior coating technology that is free of bisphenol, styrene, PFAS and formaldehyde.

• AkzoNobel
• AccelshieldTM 300

Acting Trade Secretary Cristine Roque said in late August that her office will focus more on helping the Philippines' multi-billion-peso beauty industry grow, pledging to support the micro, small and medium-sized enterprises in the sector under her charge

• Philippines
• cosmetic

Lummus Technology, a global provider of process technology and value-driven energy solutions, announced that it has signed a contract with Silleno LLP for an ethylene unit that will form part of the first polyethylene plant...

• Lummus
• Silleno

Adani Ports & Special Economic Zone Limited (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% of Astro in an all-cash transaction for $185m.

• APSEZ
• Astro

A recent report released by ICIS shows that in August, the prices of most Asian petrochemical products are expected to continue to fall.

• Asian chemicals

On August 26, 2024, the Czech Agricultural and Food Inspection Agency issued an important notice to the public.

On 30 July 2024, the European Food Safety Authority (EFSA) conducted a comprehensive review of the European maximum residue limits (MRLS) for difenoconazole, a pesticide active substance, in accordance with Article 12 of Commission Regulation 396/2005.

The Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China recently signed a protocol on phytosanitary and food safety requirements for the export of fresh coconuts, farmed crocodiles and frozen durians

The National Health Supervision Agency made it clear that the above-mentioned products lacked scientific evidence to support their efficacy and were not registered for health, in violation of the relevant laws and regulations of Paraguay.

The National Health Supervision Agency made it clear that the above-mentioned products lacked scientific evidence to support their efficacy and were not registered for health, in violation of the relevant laws and regulations of Paraguay.

In the second quarter of 2024, Lilly showed strong growth momentum, with revenue of $20 billion in the first half of the year, up 31% year-on-year, net profit of $5.21 billion, up 68%, and full-year revenue guidance expected to increase by $3 billion.

Oriental Yuhong Waterproofing Technology Co., LTD. (hereinafter referred to as "Oriental Yuhong") held a groundbreaking ceremony for a new production research and development logistics base in Houston in Prairie View, Texas, USA.

The Lubrizol Beauty Institute expands the company's R&D and laboratory network in Asia Pacific and features clinical testing equipment and collaborative workspaces based on best practices from Lubrizol's clinical trials in Barcelona, Spain.

• Lubrizol

Calcium gluconate gel is a common biomaterial with a wide range of applications, including emergency treatment of hydrofluoric acid burns. Calcium gluconate gel for hydrofluoric acid burns, plays an important role in wound healing.

• Calcium gluconate gel for hydrofluoric acid burns