Ralf A. Spettmann has been appointed president of BASF's Construction Chemicals operating division in Ludwigshafen, Germany, effective September 1, 2014.
Currently senior vice president, Pigments & Resins Europe at BASF, Spettmann will succeed Dr. Tilman Krauch, who is leaving to take up a new position at another company.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
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.
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.
