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.
Compelling solutions through strategic partnerships
Ineos CEO Ineos calls on European politicians to save the chemical industry.
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
