IndustryNews
India Application Development Center: A Milestone for LANXESS’ Innovation Strategy
February 21, 2025 – Specialty chemicals giant LANXESS unveiled its India Application Development Center (IADC) in Thane, Mumbai, on February 14, 2025, marking a significant step to further bolster the company’s innovation capabilities and customer service excellence. The establishment of IADC underscores LANXESS’ strategic focus on India as a pivotal market and innovation hub, enhancing…
Chemical Recycling Takes Center Stage in Kashima’s Plastic Circular Economy Push
February 20, 2025 – Kashima City, Japan, and Five Companies Join Forces for Plastic Packaging Circular Recycling On February 14, 2025, Kashima City, Ibaraki Prefecture, Japan, along with REFINVERSE Co., Ltd., Mitsubishi Chemical Corporation, Toyo Seikan Group Holdings Co., Ltd., Kewpie Corporation, and Casumi Co., Ltd., signed a comprehensive partnership agreement. The collaboration aims to…
Custom Wig Production Gets a Green Makeover with Bio-Polyurethane
February 20, 2025 – Mitsui Chemicals and comprehensive hair salon service provider ARTNATURE have recently announced a groundbreaking collaboration to produce custom wig molds using bio-based polyurethane materials starting from February 2025. This innovative move is set to revolutionize the wig manufacturing industry. In the production process of custom wigs, 3D scanners are first used…
Huntsman Reports Q4 Loss Amid Market Challenges, Plans Cost-Cutting Measures
February 19, 2025 – Huntsman Corporation (NYSE: HUN) recently released its fourth-quarter 2024 financial results, reporting revenues of 1.452billion.Unfortunately,thecompanyincurredanetlossof141 million, with an adjusted net loss reaching 43million.However,adjustedEBITDAremainedatalevelof71 million. Following the release of the earnings report, Peter R. Huntsman, Chairman, President, and CEO of Huntsman Corporation, stated that the fourth-quarter performance was generally in line with the company’s…
The Growing Importance of Ethane in the Global Chemical Industry
February 19, 2025 – Ethane Cracking for Ethylene Production: A Growing Trend in the Global Chemical Industry Ethane cracking is increasingly becoming the preferred method for ethylene production worldwide, thanks to its economic advantages that have captured the attention of numerous companies. Recently, Wanhua Chemical announced plans to diversify the raw materials for its existing…
Shanghai Yada Automobile Establishes Foothold in Europe and North Africa
February 19, 2025 – Lingyun Corporation has recently unveiled plans for its subsidiary, Shanghai Yada Automobile, to take a significant step in its international expansion strategy. The company announced the establishment of a new venture in Morocco, named Morocco Yada Automobile Plastics Co., Ltd. This new entity will serve as a beachhead for Shanghai Yada…
Global Paint Industry Sees Shakeup as JOTUN Climbs Rankings
February 18, 2025 – The competitive landscape of the global paint industry is undergoing subtle shifts. In the recently unveiled “Top 100 Global Paint Companies” list, JOTUN has made a remarkable leap, overtaking MASCO, which previously held a top-ten spot, to secure its position in the prestigious top ten. Meanwhile, HEMPEL, currently ranked 12th, is…
The Rising Potential of SAP: Lumus and Yulin Chemical Join Forces
February 17, 2025 – Lumus Technology Inc. has announced a significant breakthrough with the successful securing of a commercial contract from Yulin Chemical Co., Ltd., a subsidiary of Shaanxi Coal and Chemical Industry Group, for its Super Absorbent Polymer (SAP) technology. This marks the first commercial license for Lumus’ SAP technology since its integration into…
Ube Shifts Gears: Exiting Nylon, Embracing Specialty Chemicals for Growth
February 17, 2025 – Ube Industries, a leading player in the nylon polymer market for European food packaging, has announced a significant restructuring plan. UBE Corporation Europe S.A.U., its Spanish subsidiary, will continue producing caprolactam and nylon polymers, with plans to introduce an eco-friendly nylon product line to meet the market’s demand for sustainable products….
ADNOC and OMV in Talks to Form New Global Polyolefins Giant
February 16, 2025 – ADNOC Announces Positive Talks for Merger and Acquisition to Form Global Polyolefins Giant Abu Dhabi National Oil Company (ADNOC) officially announced on February 1st that it is engaged in active and constructive negotiations with OMV AG to consolidate their stakes in Borouge plc and Borealis AG, aiming to create a brand-new…