Valuable News

Novo Nordisk has announced the launch of a major restructuring plan, which will involve cutting about 9,000 employees worldwide—over 11% of the company’s total workforce.

• Novo Nordisk

China Petroleum & Chemical Corporation (Sinopec), Fujian Refining & Petrochemical Company, and Saudi Aramco have officially announced the establishment of a joint venture — Fujian Sino-Aramco Refining & Petrochemical Company.

• Sinopec
• Saudi Aramco

On August 18, Qingdao Huaxi New Material Technology Co., Ltd. and Japan’s Inoue Lime Industry Co., Ltd. officially signed a joint venture agreement to establish Qingdao Huaxi Inoue New Material Co., Ltd..

• Qingdao Huaqi
• Inoue

IMCD has signed an agreement to acquire 100% of Tillmanns’ shares.

• IMCD
• Tillmanns

dsm-firmenich, a leading innovator in nutrition, health, and beauty, announced the opening of a newly expanded flavors facility in Kerala and the groundbreaking of a state-of-the-art, greenfield Taste manufacturing facility in Gujarat.

• dsm-firmenich

South Korea's petrochemical industry is undergoing an unprecedented reshuffle. Faced with global overcapacity and a sluggish market, the South Korean government has finally pressed the "restructuring button."

• South Korea
• NCC

Sinopec Engineering (Group) Co., Ltd. (SEG) announced in its interim report that the company achieved revenue of RMB 31.559 billion in the first half of 2025, a year-on-year increase of 10.1%.

• Sinopec
• Sinopec Engineering

Eastman announced a strategic partnership with Huafon Chemical to jointly build a cellulose acetate filament production facility. The facility will be dedicated to localized production and product innovation of Eastman's Naia cellulose acetate filament.

• Eastman
• Huafon Chemical

French agribusiness leader Avril Group and global specialty chemicals company Valtris have entered into an exclusive agreement for Avril to acquire Champlor Renewables, a rapeseed crushing, refining, and biodiesel production facility.

• Avril
• Valtris
• Champlor Renewables

French building materials giant Saint-Gobain recently completed three acquisitions in North America, Italy, and Peru. Although the combined annual revenue of these transactions is only about €25 million, all target key technologies in low-carbon building

• Saint-Gobain

Amid a global downturn in the petrochemical industry, South Korea's third-largest ethylene producer, Yeochun NCC Co., Ltd. (YNCC), is teetering on the edge of bankruptcy. Industry insiders reveal that if the company fails to secure 310 billion KRW

• YNCC
• Hanwha Solutions
• DL chemical

On August 7, 2025, in Mumbai, Oil India Limited (OIL) and IREL (India) Limited formalized a Memorandum of Understanding (MoU) to advance cooperation in the exploration and development of critical minerals.

• Oil India Limited
• IREL
• critical minerals

On July 31, 2025, Vland Biotech (Qingdao Vland Biotech Co., Ltd.) issued an announcement that drew significant market attention. The notice stated that its wholly-owned subsidiary, Shandong Vland Biotech Co., Ltd., had reached a settlement agreement with

• Vland Biotech
• Evonik

Axplora, a global pharmaceutical raw material supplier, recently announced an additional €6.5 million investment in its active pharmaceutical ingredient (API) manufacturing facility in Vizag, Andhra Pradesh, India.

• Axplora

Asahi Kasei, a comprehensive technology company, announced that its biogas upgrading plant in Kurashiki, Okayama Prefecture, has successfully produced high-purity biomethane using zeolite technology.

• Asahi Kasei

LG Chem and Enilive have officially commenced construction of South Korea’s first facility dedicated to the production of Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF).

• LG chem
• Enilive
• SAF

Saint-Gobain has strengthened its construction chemicals platform with two acquisitions, securing key technologies that will be expanded across the Group.

• Saint-Gobain

On July 29, Swiss construction chemicals manufacturer Sika released its financial results for the first half of 2025. Due to pressure on revenue and profits caused by a weakening U.S. dollar, the company has issued a more cautious full-year sales outlook.

• sika

Clariant has signed a strategic cooperation agreement with Shanghai Boiler Works, a subsidiary of Shanghai Electric, to jointly advance sustainable energy technologies in China.

• Clariant
• Shanghai Boiler Works
• Shanghai Electric

In July, the TDI market witnessed a “super rally,” with prices soaring nearly 40% in just two weeks, bringing the long-quiet chemical sector back into the spotlight. As one of China's major TDI producers, Cangzhou Dahua saw its share price skyrocket and d

• Cangzhou Dahua
• TDI