Saudi chemical giant SABIC has agreed to supply 305,000 t/y of urea to Bangladesh Chemical Industries Corporation. The one-year agreement is an extension of a previous contract.
The Saudi group said it is also discussing a possible strategic cooperation with Banglasdesh on agriculture R&D.
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.
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.
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.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
