LG Chem said that it has suspended a plan to build a polysilicon production plant because of worsening market conditions. In June, South Korea's largest chemical company said it would invest 491 billion won ($435 million) to construct a 5,000-ton-per-year polysilicon plant. Polysilicon is a key material used to the production of 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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
