Dow Corning reported increased sales and a solid income in first quarter 2011, with an adjusted net income of $175 million and quarterly sales of $1.58 billion. The company said its Q1 profits were softened by sharply rising materials and energy costs. Dow Corning also reported continuing growth for silicones in emerging economies throughout Asia, Latin America and Eastern Europe.
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.
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.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
