Saudi Basic Industries Corp (SABIC) said on Monday its joint venture with Albemarle had selected Samsung Engineering to provide engineering, procurement and construction services for a new aluminium alkyls manufacturing facility in Jubail, Saudi Arabia.
SABIC said Samsung would immediately begin work on the engineering of the new plant. Construction is expected to be completed in the third quarter of 2012.
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.
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.
Compelling solutions through strategic partnerships
