Saudi-based Alinma Bank granted on Tuesday a $1 billion credit facility to Saudi Basic Industries Corp (SABIC), al-Hayat online news service reported. SABIC's Chief Executive Mohamed al-Mady declined to comment the report.
"The facility will fund some of the company's petrochemical projects as part of the company's strategic plans to enhance financing performance, boost competitiveness and contribute to achieve the company's expansion and growth strategy," al-Hayat said in the unsourced report.
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.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Honeywell will acquire Johnson Matthey's Catalyst Technologies business segment for €2.15 billion in an all-cash transaction.
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.
Oxea is returning to its old name and its roots.
