Market Flash

COIM USA, a subsidiary of Italy’s COIM Group, has made a bold move in the sustainable materials sector with the acquisition of a 20-acre facility in New Boston, Texas.

On May 20, DOMO Chemicals unveiled a major step toward a greener future with its DOMAMID® PA6-based portfolio now fully ISCC PLUS certified.

Backed by a €7.6 million grant (¥61.8 million) from the Horizon Europe program, the Greco initiative is poised to transform the food packaging landscape with cutting-edge bioplastics and sustainability-driven innovation.

Fearing the loss of access to the massive Chinese market, the Durian Association of Dak Lak province has proposed the establishment of a “Red Alert” zone system to flag plantations with safety violations.

On May 15, 2025, Brazil’s health regulator ANVISA published Instruction No. 361, marking a significant revision to its 2018 dietary supplement framework.

In a significant breakthrough, Delhi Police have apprehended Sabir Alam, a central figure in a ₹25 crore counterfeit cancer drug operation, after a relentless three-year pursuit.

Glenmark Pharmaceuticals has reported a 63% year-on-year revenue spike in Q4 FY2025, hitting ₹3,738 crore, powered primarily by exceptional growth in Europe and the performance of its continuing operations.

The Most-Favored Nation (MFN) drug pricing order introduced by the US administration could slash Big Pharma’s profits in the American market by 50–60 percent, according to industry analysts.

Sherwin-Williams has once again proven its dominance in the global paint industry, securing the top spot for the sixth consecutive year in the "2025 Global Top 10 Paint Manufacturers Ranking" released by Coatings World.

In a concerning development, 196 drug samples have failed quality tests conducted by the Central Drugs Standard Control Organization (CDSCO), with one sample flagged as spurious.

Pakistan and China have pledged to deepen trade cooperation and maintain close communication to strengthen their decades-long partnership. This commitment was reaffirmed during high-level talks between officials from both nations.

US importers are racing to convert warehouses into tariff-free zones, leveraging Foreign Trade Zone (FTZ) regulations to offset rising import duties.

At the recent ET Pharma Biomolecule Workshop & Connect in Hyderabad, industry leaders and regulators convened to discuss these obstacles and potential solutions.

According to Pharmarack’s domestic market monthly sales tracker, the drug’s sales value escalated from ₹1.42 crore in March to ₹4.8 crore in April, marking a 3.4-fold increase.

Avanti Pet Care, a subsidiary of seafood major Avanti Feeds, has officially entered India’s booming pet food market with the launch of its new cat food brand “Avant Frust” in Hyderabad.

Maruha Nichiro, a pioneer in full-cycle bluefin tuna farming, has announced a landmark partnership with Singapore-based UMAMI Bioworks Pte, a leader in cultivated seafood technology.

On May 14, 2025, Food Standards Australia New Zealand (FSANZ) issued Notification 340-25, confirming the approval of two significant amendments to the Food Standards Code, with direct implications for infant formula manufacturers.

India’s pharmaceutical industry achieved a significant milestone in FY 2023–24, recording a turnover of ₹4.17 lakh crore, marking a 10% increase from the previous year.

On May 14, Cariflex Pte. Ltd., a global leader in synthetic polyisoprene latex for medical use, officially opened its new manufacturing plant on Jurong Island, Singapore.

A sudden 10,000 yuan per ton price hike on Jilin Chemical Fiber’s 3K wet-spun carbon fiber sent shockwaves across China’s advanced materials market on May 13.