Linde, the world's No.2 industrial gases maker, signed a contract worth $1.1 billion in Abu Dhabi on Monday to build a processing installation for oil and gas. The contract for an ethane cracker, which was negotiated last year, was signed on the first day of a trip by German Chancellor Angela Merkel to several Gulf states. Europe's biggest engineering conglomerate Siemens also signed a contract worth $145 million to develop power infrastructure.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
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.
Jens Birgersson becomes new Brenntag CEO
Valerie Diele-Braun resigned from her position as CEO and member of the Executive Board of IMCD at the end of April for personal reasons.
Honeywell will acquire Johnson Matthey's Catalyst Technologies business segment for €2.15 billion in an all-cash transaction.
