Japan's Mitsui Chemicals said on Thursday it expects to restart its 553,000 tons per year naphtha cracker in Chiba, near Tokyo, around late March after repair work. The company said it expects to suffer a loss of about 3
billion yen ($33 million) from the shutdown. The cracker, which was originally shut on Feb. 28 due to a problem, failed to restart earlier this month.
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.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
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