Market Flash

China’s S’Young Group has become the new owner of luxury, science-forward brand RéVive Skincare, with the conglomerate acquiring the US skincare company from Tengram Capital Partners.

• S’Young
• RéVive Skincare

Bigbloc Construction Limited is venturing into the production of construction chemicals including block joint mortars, ready-mixed plasters, tile adhesives, etc.

• Bigbloc Construction

According to multiple media reports, Petro Rabigh has signed a memorandum of understanding with China's Jiahua Chemicals to explore the establishment of a specialty chemicals manufacturing plant in Rabigh.

• Petro Rabigh
• Jiahua Chemicals

The European Union's ban on a chemical called Triton™X-100 has already had a profound impact on the biopharmaceutical manufacturing industry worldwide.

As of October 11, 2024, the reference price range of 24-degree palm oil at ports in East China was 8,990 to 9,000 yuan/ton, up 3.57% compared with last week and up 11.96% compared with last month.

On October 16, 2024, the European Food Safety Authority (EFSA) officially published a safety assessment report on triacylglycerol lipase.

On October 15, 2024, the Ministry of Health of Thailand officially issued consultation document No. 454, which aims to introduce a series of important amendments to the existing Natural mineral water food law.

Celanese Corporation, a global specialty materials and chemicals company, announced the opening of its Micromax Electronic Ink and Pastes Lab in Shenzhen, China.

• Celanese

India's position as the world's third largest producer and core supplier of generic drugs plays a pivotal role in the global pharmaceutical sector and brings significant economic benefits to global healthcare systems, particularly in the United States.

On October 16, 2024, the Ministry of Food and Drug Safety (MFDS) officially issued a notice No. 2024-473, announcing a series of important amendments to the "Health Functional Food Related Law Implementation Rules".

Mowi, the world's largest salmon producer, recently reported its production results. Data shows that the company achieved significant year-on-year growth in salmon production during the year, with a specific increase of 19%.

On October 15, 2024, the European Food Safety Authority (EFSA) officially published an announcement on the proposed revision of the maximum residue limits (MRL) of flonicamid in honey.

AIVITA Biomedical, Inc. is pleased to announce the signing of a licensing agreement with global skincare retailer LevEllis for exclusive global marketing and distribution rights to AIVITA’s proprietary skincare formulations.

• AIVITA Biomedical
• LevEllis

Canada-based Knowlton Development Corporation, Inc. (KDC/One), has agreed to acquire Italian cosmetic packaging manufacturing specialist Laffon Srl.

• KDC/One
• Laffon

Pearl Group, a global leader in polyurethane (PU) insulation solutions and other polyurethane applications, has completed construction of a new plant in Dong Nai Province, Vietnam, its fifth production plant.

• Pearl group

At the 29th Brazilian Congress of Entomology (CBE 2024), Bayer officially launched its first ketoenol insecticide, Plenexos, marking an important breakthrough for the company in this field.

Recently, the Australian Pesticide and Veterinary Medicine Authority (APVMA) officially announced that it has completely abolished all pesticide products containing DCPA (that is, dimethyl tetrachloropterephthalate, also known as dioxol).

Japan's Ministry of Health, Labor and Welfare will implement stricter order checks on the food produced by the company to ensure that all imported food meets Japan's food safety standards.

Director-General Tedros noted that the COVID-19 pandemic has highlighted the importance of health issues to global security and prosperity, so support and investment in WHO is critical.

On October 11, 2024, the Government of Canada, through its Official Gazette website, published an important government notice in Volume 158, Issue 41, seeking public comment on a proposed limit standard for natural radioactive substances in drinking water