Finnish chemical producer Kemira and Wilmar International have agreed to terminate their joint venture agreement for the manufacture of AKD (alkyl ketene dimer) wax in China, citing changes to their commercial objectives.
The agreement was announced in November 2013.
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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
