Japan's Mitsui Chemicals said on Friday it would shut a 553,000 tons per year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, for 27 days in July for scheduled maintenance.
The company said it would skip maintenance work this year on its other 455,000 tpy cracker at Osaka plant in western Japan.
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.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
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.
