India has imposed provisional antidumping duties on imports of phenol from the US and Taiwan, according to local reports.
The duties, levied by the country's finance ministry in response to complaints from two Indian producers, are planned to be in place for six months.
Products from the US will be charged with duties of $146.09/t, while importers of Taiwanese phenol will pay from $56.07 to $193.90/t.
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.
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.
