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.
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.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
