IndustryNews

July 31st News — In a recent announcement, Global New Material International revealed a significant agreement with the German Merck Group, entailing the acquisition of Merck’s global surface solutions business for approximately 5.187 billion yuan (665 million euros) in cash. This transaction, expected to be completed by 2025, marks a milestone not only for Global…

Since the beginning of 2024, Wuzhou City has vigorously promoted the “three hundred billion” major project engineering plan, with all levels and departments actively taking on responsibilities, collaborating, and jointly providing solid element guarantees for the projects. Through multiple concurrent measures, the progress of project construction has been rapidly advanced, and significant progress has been…

Recently, the reserves evaluation agency in Guizhou Province conducted a review of a significant geological exploration project and it passed successfully. This project was undertaken by the Sichuan No.3 Geological Brigade Jinzuan Mineral Exploration Engineering Co., Ltd., with the exploration site located in Duyun, Guizhou. The exploration achieved remarkable results, successfully identifying a barite deposit…

【Color Masterbatch Industry Network】July 30 news — Recently, BASF released its financial report for the second quarter of 2024. The report indicated that after deducting one-time expenses, the company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew to 1.96 billion euros, showing a slight year-on-year increase of 0.6%. However, sales in the second quarter…

The Huajin Aramco Fine Chemical and Raw Material Engineering Project in Panjin, Liaoning Province, has recently made significant progress. Between July 19th and 21st, the project successfully completed the delivery and installation of the first batch of large equipment for the air separation unit, marking the official entrance into the critical phase of equipment installation…

【Color Masterbatch Industry Network】July 29 news, Recently, three domestic photovoltaic giants, including Sungrow Power Supply Co., Ltd., have announced cooperation with Saudi Arabian funds or enterprises to jointly promote the construction of photovoltaic projects in Saudi Arabia. This trend not only highlights the demand for emerging industries in the Middle East, but also demonstrates the…

Guangzhou Petrochemical has achieved remarkable success in focusing on increasing the production of high value-added polyolefin products this year. Reports indicate that in just the first half of the year, the company successfully developed five new polyolefin products. The proportion of new products and specialized materials has increased by 2.18 percentage points compared to the…

Beijing Feiyan Petrochemical Environmental Protection Technology Development Co., Ltd. has recently secured a bid in an environmental impact assessment project, with a winning amount reaching 5.92 million yuan. This news has garnered widespread attention from both within and outside the industry. Meanwhile, another significant development has emerged in the chemical sector. On July 23, 2019,…

【Color Masterbatch Industry Network】July 26 news, recently, Fulihua revealed on an investor interaction platform that the first phase of its high-purity quartz sand project, a production line with an annual output of 10,000 tons, has been successfully completed and has reached its designed production capacity. This high-purity quartz sand will be mainly used in cutting-edge…

Located in Shanxi Province, Pingding County of Yangquan City is renowned for its abundant limestone resources, boasting reserves exceeding 10 billion tons with an oxide calcium content ranging from 52% to 54%. For a long time, the lime industry has been a traditional pillar industry in the county. In recent years, leveraging its high-quality limestone…