AllessaChemie has announced it will cease production of Reflex Blue products from April 1. The company, which required the business mid-2008 from Clariant, cited increasing competitive pressure enhanced by the negative impact of the worldwide economic crisis as a reason for the decision.
"No significant improvement of the situation is expected in the foreseeable future," the company said in a statement.
Compelling solutions through strategic partnerships
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
BASF sells a majority stake in its coatings business to the investor Carlyle.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
