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.
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.
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.
Compelling solutions through strategic partnerships
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
