Market Flash

On August 15, 2024, the Argentine Government officially issued joint Resolution No. 9/2024, which makes important amendments to the current Argentine Codex Alimentarius.

According to the UK Food Safety Incident Report 2023-2024, a total of 1,837 food and feed related safety incidents were recorded in England, Northern Ireland and Wales in the last financial year.

In the field of pharmaceutical innovation, a little-known Chinese ADC company has quietly risen, causing widespread concern in the industry.

The Chinese brand Xishan Science and Technology is emerging as an example, and the breast lesion rotary cutting biopsy system developed by them is the first Chinese brand product to achieve industrialization.

In the first half of 2024, the Biotech company Kelun Biotech delivered a remarkable report card.

GHCl Limited has announced that the annual maintenance activities of the boilers at the company's soda ash plant are scheduled to be carried out for a period of two weeks starting from September 16, 2024.

• GHCl Limited

IGL Coatings has taken a major step in expanding its presence in the Middle East car care market with the appointment of Lamaan as its exclusive distributor in Saudi Arabia.

• IGL Coatings
• Lamaan

Green Pyramid Biotech and Holiferm have partnered to trial biosurfactants in a range of products. They are embarking on a project to trial Holiferm’s sophorolipids in a number of different formulations

• Green Pyramid Biotech
• Holiferm

Verbio announces significant progress in North America. These developments are evidence of the successful expansion of its business and underscore its commitment to innovation and growth.

• Verbio

DKSH’s Performance Materials business unit, a specialty chemicals and ingredients distributor, will provide business development, marketing, sales, logistics and distribution services for Kahai’s Cacay Oil.

• DKSH
• Kahai
• Cacay
• Oil

Skin By Noor has launched an ultra-natural nourishing serum with anti-aging benefits, which, according to the company, is provided by a new cosmetic ingredient, date palm pollen (DPP).

• Skin By Noor
• date palm pollen

Saint-Gobain has entered into a definitive agreement to acquire Ovniver Group, a leading privately held construction chemicals company in Mexico and Central America, for $815 million in cash.

• Saint-Gobain
• Ovniver

After more than two decades of operation, Roland Schwall and Brigitte Daxberger-Schwall, owners of the Baden-Württemberg family-owned company Daxberger-Schwall, are retiring on June 30, 2024.

• RUDERER KLEBETECHNIK
• Daxberger-Schwall

Barentz International, a provider of specialty ingredient solutions, announces the acquisition of Insuquim SRL, a well-known and trusted distributor of specialty chemicals and ingredients in Paraguay.

• Barentz international
• Insuquim

Manuchar, a global chemical distributor headquartered in Antwerp, Belgium, has entered into an agreement to acquire a majority stake in Proquiel Químicos.

• Manuchar
• Proquiel Químicos

Dymax announces the launch of a select line of light-cured adhesives and coatings. They are designed to meet the complex assembly needs of stationary energy storage systems.

• Dymax

On August 13, 2024, the Consumer Affairs Agency of Japan released the 2023 Consumer Survey on Food Labeling.

On August 13, 2024, the Ministry of Health, Labor and Welfare of Japan issued Notification No. 081303 of the Pharmaceutical, Sanitary and Food Standards.

Recently, the United States has announced the first 10 drug prices after negotiations under the Inflation Reduction Act (IRA). Among these drugs, the price reduction for at least 9 of them is at least 50%.

Sirnaomics, a company that has been deeply involved in the peptide field for over 20 years, achieved significant growth in the export of peptide APIs in the first half of the year, with a year-on-year growth rate of 97.51%.