Japan's Idemitsu Kosan said it restarted the naphtha cracker at its Chiba plant, east of Tokyo, on Thursday after scheduled maintenance. The 374,000 tons per year cracker, which had been shut since March 27, began making products that reached specified standards on Thursday, a spokeswoman said.
The company has no plans to shut its 623,000 tpy naphtha cracker at Tokuyama plant this year.
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.
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.
