Dow Corning second-quarter sales fell 14 % to $1.19 billion. Second-quarter adjusted net income of $115.5 million and consolidated net income of $115.4 million. Dow Corning saw some improvement in demand for silicone-based products in second-quarter.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
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.
