Martin Schroeder has been appointed on-site manager at the new Bahrain office of Allweiler, a subsidiary of Colfax Corporation. Located in Sanabis, Kingdom of Bahrain, the new office will better serve and support Middle East clients. "We look forward to having direct and frequent contact with our Middle East customers to provide custom engineered solutions, technical advice and training seminars," said Martin Schroeder.
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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
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.
