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.
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.
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.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Compelling solutions through strategic partnerships
