Fertiliser and specialty chemicals maker Israel Chemicals said on Sunday it had signed contracts with several customers in China to supply a total of 500,000 tonnes of potash in the first half of 2011.
The company said the price agreed was similar to the price reached by other producers in the market, which reflects an increase of $50 per tonne of potash from prices prevalent in 2010.
The company provided no further details.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
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.
