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.
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.
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.
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.
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