Market Flash

ALTANA, a leading international specialty chemicals group, has recently acquired the business of Imaginant Inc., a US-based company specializing in the development and manufacturing of ultrasound-based testing and measurement instruments.

• ALTANA

Recently, Mitsui Chemicals, Inc. announced that it will increase the production capacity of its Polyurethane Dispersion (PUD) to meet the market demand for single-material food packaging.

• Mitsui chemicals

Recently, due to the sluggish external demand, continued sluggish and other factors, the world's import and export trade is not ideal.

• export figures

This year, domestic oil prices have been adjusted a total of 16 times, with 8 increases, 6 decreases, and 2 instances of price adjustments remaining unchanged.

• Price Increase

The battle against global warming demands innovative solutions from all sectors of society.

• Carbon-Neutral

Texas has filed a civil lawsuit against oil giant Shell over a chemical fire that occurred at its Deer Park facility near Houston in May.

• lawsuits

The chemical industry faced a challenging second quarter as it grappled with the impact of inflation and soaring energy prices.

• chemical firms

According to the Securities and Exchange Commission's announcement on August 10th, the China Securities Regulatory Commission has approved the registration application of Shanghai-based MEGAP&C New Material Technology Co., Ltd.

• MEGAP&C

Shandong Furui Xuanwei New Materials Co., Ltd., a Chinese chemical company, has recently reported its sales performance for its coating business.

• sales

Soaring energy prices have severely impacted the European coatings industry, resulting in a significant decline in production in the fourth quarter of 2022.

• soaring energy

The global ship coatings market is being driven by a number of important trends, most of which are related to environmental concerns. According to Bertelsen, the ship coatings industry will continue to develop towards a decarbonized future.

• ship coating market

On July 31, the ship coating giant, CMP Paints, released its earnings report for the first quarter of the 2024 fiscal year (April 1, 2023 - June 30, 2023).

• CMP Paints

uropean Food Safety Authority (EFSA) announced that its Panel on Food Additives and Flavourings (FAF) has re-evaluated the safety of calcium carbonate (E 170) as a food additive in food for infants below 16 weeks of age belonging to food category 13.1.5.1

• calcium carbonate

European Food Safety Authority (EFSA) announced that its Panel on Additives and Products or Substances used in Animal Feed (FEEDAP) has delivered a scientific opinion on the safety and efficacy of clove bud oil, clove leaf oil.

• clove bud

Animal Feed (FEEDAP) has delivered a scientific opinion on the safety and efficacy of star anise oil as a sensory additive in feed and drinking water for all animal species.

• star anise oil

On August 1st, Hansoh Pharma announced that the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA) has accepted the biologics license application (BLA) for zolbetuximab.

• Zolbetuximab

Recently, Eli Lilly announced the results of two phase 3 clinical trials of Tirzepatide, showing that the average weight loss effect reached 26.6%, making it the most effective weight loss drug in history.

• weight loss

On July 27th, 2023, the European Food Safety Authority (EFSA) announced that the Panel on Additives and Products or Substances used in Animal Feed (FEEDAP) has issued a scientific opinion on the safety and efficacy of geranium rose oil as an addtives.

• Geranium Rose Oil

On July 27th, 2023, the European Food Safety Authority (EFSA) released an opinion on the review of the existing maximum residue levels (MRLs) for endosulfan in accordance with Article 43 of Regulation (EC) 396/2005

• Endosulfan

On July 28th, 2023, the European Food Safety Authority (EFSA) announced that the Panel on Additives and Products or Substances used in Animal Feed (FEEDAP) has issued a scientific opinion on the safety and efficacy of eucalyptus oil as a sensory additive

• eucalyptus oil