Arkema has completed the divestment of its Sunclear plastic and aluminum sheet distribution business to BF Invest, its long-term trading party. The business that belongs to the French company’s PMMA arm and employs 354 people has annual sales of around €180 million and an enterprise value of €105 million. Arkema said the divestment of Sunclear is part of its program to shed assets worth €700 and refocus on core businesses.
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.
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.
