Korea's LG Chem said it is considering delaying a new investment plan to build a polysilicon production plant due to changes in the solar industry.
The country's largest chemical company announced in June that it would spend 491 billion won ($435 million) to construct the 5,000-ton-per-year polysilicon plant. Polysilicon is a key material used to make solar panels.
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.
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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