Market Flash

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%.

In Samarahan, Sarawak, Malaysia, a chemical factory in the Shamarahan Industrial Estate experienced a violent explosion at dusk on August 14th, with thick smoke billowing out, making the scene look like a volcanic eruption.

The August 14th report indicates that German biomethane supplier Landwarme has declared bankruptcy due to a sharp decline in greenhouse gas emission allowance prices.

The Australian and New Zealand Food Standards Authority (FSANZ) has recently approved a triacylglycerol lipase derived from genetically modified Rhizopus oryzae as a food processing aid.

The red yeast rice health supplement incident at Kirin Pharmaceutical has resulted in a series of serious consequences

Australian and New Zealand Food Standards Agency (FSANZ), on August 19, 2024, the agency issued Notification No. 301-24, approving Application No. A1247 and officially recognizing D-Aloxitol as a new type of food.

The French government is currently conducting a thorough investigation into a Salmonella outbreak linked to soft cheese produced in the Cantal region.

In July, industrial production rose 5.1 per cent year-on-year in real terms and 0.35 per cent month-on-month. By sector, oil and gas extraction increased by 5.7%, and chemical raw materials and chemical products manufacturing increased by 8.6%.