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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Compelling solutions through strategic partnerships
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.
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.
