Dow Chemical said it is divesting its calcium chloride business and its interests in TRN refinery. The company says it signed two separate sale agreements totalling in excess of $900 million. Dow says its plans to pay down debt and enhance cash flow are progressing ahead of schedule. The sales of non-strategic assets announced so far this year now total in excess of $2.6 billion.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
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.
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
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.
