Market Flash

Shinsegae International announced that it has acquired 100% of Amuse from major shareholder Naver and other shareholders for $51.6 million.

• Shinsegae
• AMUSE

The new lithium-ion battery anode material factory of BTR New Materials Group, a global leader in battery materials, in Indonesia has officially started production.

• BTR

On August 7, 2024, the European Food Safety Authority (EFSA) issued an important public notice concerning sodium propionate, a widely used feed additive proposed for use in all land animals.

On August 6, the US Environmental Protection Agency (EPA) took the unprecedented step of issuing an emergency ban on the herbicide DCPA (also known as Dacthal), halting all domestic registration and use of the product.

On August 5, 2024, the European Food Safety Authority (EFSA) issued an official opinion on the safety assessment of the food enzyme glucan 1, 4-alpha-maltohydrolase.

A revolutionary drug developed by Novartis Pharmaceuticals, designated for the treatment of immunoglobulin A kidney disease (IgAN). A rare but widespread kidney disease.

Amax Pharmaceuticals finally ushered in a brilliant victory in the United States, its signature innovative delayed release Parkinson's disease treatment drug - Crexont, successfully obtained the authoritative approval of the United States FDA.

The latest release shows that Humanwell Healthcare has delivered remarkable results in the first half of 2024, demonstrating excellent market performance.

An amyotrophic lateral sclerosis (ALS) drug with annual sales of $400 million has been mockingly likened by industry analysts to "its efficacy is not as cool as mints".

Bridgend-based sustainable marine and offshore services provider Avantis Group has entered into a strategic partnership with an Australian company, Industrial Coatings and Access.

• Avantis
• Industrial Coatings and Access

California private equity firm West Lane Capital announced on August 7 that it has acquired the American beauty company Beauty Bakerie Cosmetic Brand. Earlier this year, the brand announced its closure on social media and its website.

• West Lane Capital Partners
• Beauty Bakerie

Nissan Motor Co. on Aug. 6 showed off a so-called "cool paint" that can keep people inside a car cooler, though the coating is six times thicker than regular paint, but commercialization remains a challenge.

• Nissan Motor
• Radi-Cool

Saudi Aramco, one of the world's leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million.

• Saudi Aramco
• Sumitomo chemical
• Petro Rabigh

DKSH signed an agreement to acquire Euroingredientes Portugal. The acquisition enables DKSH Performance Materials Portugal to establish a strategic footprint in the food market with a unique portfolio of food ingredients and nutraceuticals.

• DKSH
• Euroingredientes

On August 4th, the China National Bureau of Statistics officially released detailed information on the changes in market prices of important production materials in the circulation sector in late July this year.

Maruha Nichiro, Japan's leading Marine industry giant, has announced historic growth in its financial results for the first quarter of its fiscal year 2024 (ending June 30, 2024).

The U.S. Environmental Protection Agency (EPA) issued Regulation 2024-17003 on August 5, 2024, which specifically exempted Potassium Carbonate residue limits in food.

Australia's Department of Agriculture, Fisheries and Forestry has released its latest update on imported food violations in June, specifying that six batches of the country's products failed to meet standards.

On August 1, 2024, the European Food Safety Authority (EFSA), at the request of the European Commission, officially published a detailed scientific assessment of the safety of GM maize MON 95275 for use in food and feed.

European Food Safety Authority (EFSA) issued a detailed and in-depth scientific opinion officially confirming the safety of GM maize DP910521 in food and feed applications.