Wacker Chemie is expanding its production capacity in South Korea for vinyl acetateethylene copolymer (VAE) dispersions. The Munich-based chemical group is constructing a new plant with an annual capacity of 40,000 metric tons at its site in Ulsan. The plant is expecetd to start up in January 2013. This measure, for which Wacker has budgeted around €10 million, will almost double Ulsan's VAE dispersion capacity.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
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.
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.
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.
