BASF today announced the opening of its world-scale tert. Butylamine (tBA) production plant at the Nanjing Chemical Industry Park in China. The plant, with an annual capacity of 10,000 tons, is wholly-owned by BASF and is integrated into the production facilities of BASF-YPC in Nanjing.
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.
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.
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.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
