Germany's private chemical firm PCC won exclusive negotiating rights to buy controlling stakes in the Polish chemical makers Tarnow and ZAK, deputy head of government agency running the deal told Reuters. The exclusivity ends on March 22, Wieslaw Skwarko said. Investor for the third chemicals maker put up for sale, Ciech, may be chosen after the company reaches a deal with banks on financing.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
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.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
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.
