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Keywords: Chemical Industry
German specialty chemicals group Evonik has announced plans to eliminate 3,200 jobs worldwide by 2029 as part of an expanded restructuring programme aimed at improving efficiency and adapting to challenging global economic conditions. The company stated that the job reductions will include approximately......
German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His......
Global investment firm KKR announced plans to privatize Japanese chemical manufacturer Taiyo Holdings through a $3.33 billion tender offer. The proposal values Taiyo at 528.56 billion yen, with an offer price of 4,750 yen per share, representing a 4.7% discount to the company's most recent closing......
German chemical giant BASF is reinforcing its long-term commitment to China through its largest-ever investment project, aiming to expand its footprint in the world’s biggest chemicals market. The company is currently developing a major chemical complex in Zhanjiang, a project estimated to cost......
The European Commission has conditionally approved Abu Dhabi National Oil Company's (Adnoc) €14.7 billion acquisition of Covestro, a major German chemical manufacturer. This decision marks one of the most significant foreign takeovers of a European industrial firm by a Gulf state entity, clearing......
ExxonMobil is considering selling its chemical plants in the United Kingdom and Belgium as part of a broader strategic shift, reflecting growing challenges for the European chemical industry. According to a report by the Financial Times on September 3, the American energy giant has initiated preliminary......
Geneva, August 5, 2025 – Nearly 180 countries began talks Tuesday at the United Nations headquarters in Geneva to draft the world’s first legally binding treaty aimed at tackling the growing plastic pollution crisis threatening the planet. Ecuadorian diplomat Luis Vayas Valdivieso, presiding......