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China Chemical Engineering Signs 3,966 Projects, Contract Amount Reaches 284 Billion!

China Chemical Engineering Signs 3,966 Projects, Contract Amount Reaches 284 Billion!

2024-10-23

According to the latest announcement of the third quarter of 2024 operating contract data of China Chemical Engineering Corporation, it can be seen that during the period from January to September 2024, the company successfully signed 3966 new projects, a

GM Partners with Forge Nano to Develop Thin Film EV Battery Coatings

GM Partners with Forge Nano to Develop Thin Film EV Battery Coatings

2024-10-23

GM Ventures announced a $10 million investment in Forge Nano, a materials science company specializing in atomic layer deposition.

BASF Receives €310 Million Funding to Build World's Largest CO₂-Free Steam Production Project, Expected to Reduce Emissions by 98%

BASF Receives €310 Million Funding to Build World's Largest CO₂-Free Steam Production Project, Expected to Reduce Emissions by 98%

2024-10-22

BASF announced on October 15 that it has successfully secured approximately €310 million in financial assistance from the German government. The money will be used to build the world's largest CO₂ free steam production industrial heat pump.

China's Export Growth Hits a Year-to-Date Low in the First Three Quarters of 2024, Trade Surplus Falls Short of Expectations, Chemical Industry Faces Severe Challenges!

China's Export Growth Hits a Year-to-Date Low in the First Three Quarters of 2024, Trade Surplus Falls Short of Expectations, Chemical Industry Faces Severe Challenges!

2024-10-22

The General Administration of Customs has officially released import and export data for the first three quarters of 2024. Data showed that in dollar terms, China's imports in September increased by 0.3% year-on-year, lower than the market expectation of

South Korea Decides to Impose Anti-Dumping Duties of Up to 7.98% on Imports of PET Resin from China

South Korea Decides to Impose Anti-Dumping Duties of Up to 7.98% on Imports of PET Resin from China

2024-10-22

At a meeting held by the Trade Commission of the Ministry of Trade, Industry and Energy on October 17, after in-depth discussion and deliberation, the Commission finally decided to submit a proposal to the Minister of Strategy and Finance to impose anti-d

PPG Industries' Financial Report Reveals a 10% Increase in Net Income Hidden Behind a $5.2 Billion Debt Crisis!

PPG Industries' Financial Report Reveals a 10% Increase in Net Income Hidden Behind a $5.2 Billion Debt Crisis!

2024-10-22

PPG Industries reported its third-quarter financial results last week, showing a strong quarter. Despite an increase in the effective income tax rate, the company achieved a 3% increase in adjusted earnings per share (EPS).

Samsung Electronics Completely Exits the LED Business, Following Retreat of Two Major Electronics Giants in South Korea

Samsung Electronics Completely Exits the LED Business, Following Retreat of Two Major Electronics Giants in South Korea

2024-10-22

According to a report by CCTV Finance, South Korea's Samsung Electronics Group has recently begun to adjust its business structure due to its overall performance failing to meet expectations.

Mitsubishi Chemical Launches Biomass-Based Polycarbonate Diol BENEBiOL

Mitsubishi Chemical Launches Biomass-Based Polycarbonate Diol BENEBiOL

2024-10-22

Mitsubishi Chemical Group has developed a biomass-based polycarbonate diol, called BENEBiOL, with a higher biomass content.

Indian Chemical Industry Faces Severe Challenges: Dependence on Imported Raw Materials Reaches $220 Billion!

Indian Chemical Industry Faces Severe Challenges: Dependence on Imported Raw Materials Reaches $220 Billion!

2024-10-21

Speaking at Chemistry India 2024, a major international exhibition and conference on Friday, the Minister of Chemistry and Fertilizers, J.P. Nadda, stressed that India's chemical and petrochemical industry, as an important pillar of the country's economy,

1,250 Workers in Argentina Face Unemployment Due to TDI Plant Closure!

1,250 Workers in Argentina Face Unemployment Due to TDI Plant Closure!

2024-10-21

Petroquimica Rio Tercero has decided to close its toluene diisocyanate (TDI) production facility in Cordoba, Argentina, in view of the global oversupply situation, a company spokesperson has officially confirmed. Originally designed to have an annual prod

PPG Industries Announces Major Layoffs of 1,800 Workers and Factory Closures, Expected to Save $175 Million in Costs

PPG Industries Announces Major Layoffs of 1,800 Workers and Factory Closures, Expected to Save $175 Million in Costs

2024-10-21

PPG Industries, the world's leading paint and coatings manufacturer, has announced that it will lay off a total of 1,800 employees in the United States and Europe and close some facilities as part of the company's cost reduction strategy.

Antimicrobial Coatings Market to Explode with 9.1% Growth from 2024 to 2032!

Antimicrobial Coatings Market to Explode with 9.1% Growth from 2024 to 2032!

2024-10-21

Given the significant increase in global awareness of hygiene and the continued growth in demand for anti-infection control in several industries such as healthcare, food and beverage, and construction, the overall size of the global antibacterial coating

Mitsubishi Chemical to expand its OPL film production capacity in Japan

Mitsubishi Chemical to expand its OPL film production capacity in Japan

2024-10-21

Mitsubishi Chemical Group (MCG Group) announced on October 17 that it plans to significantly expand its production capacity for OPL film.

Röhm expands PMMA production capacity

Röhm expands PMMA production capacity

2024-10-21

Röhm is convinced that plexiglas molding compounds will remain an indispensable material for numerous industries in the future, offering ideal solutions for new requirements and trends.

LyondellBasell Completes Acquisition of Plastics Recycling Company APK

LyondellBasell Completes Acquisition of Plastics Recycling Company APK

2024-10-21

LyondellBasell (LYB) announced that it has become the full owner of APK in Merseburg, Germany, which will be fully integrated as part of LyondellBasell.

Coal Production Surges by 4.4%! September Data Reveals Potential Crisis in China’s Coal Industry

Coal Production Surges by 4.4%! September Data Reveals Potential Crisis in China’s Coal Industry

2024-10-18

Data released by the National Bureau of Statistics on Friday revealed that China's coal industry showed positive development in September after safety inspections carried out earlier this year.

BASF Secures €310 Million Funding to Build World’s Largest Industrial Heat Pump Project, Reducing Greenhouse Gas Emissions by 98%!

BASF Secures €310 Million Funding to Build World’s Largest Industrial Heat Pump Project, Reducing Greenhouse Gas Emissions by 98%!

2024-10-18

BASF, based in Ludwigshafen, Germany, has officially received funding approval from the German Federal Ministry for Economic Affairs and Climate Action to promote the construction of the world's most powerful industrial heat pump project.

Evonik Announces Major Restructuring: 260-Person Pharmaceutical Facility to Close, Layoffs Expected!

Evonik Announces Major Restructuring: 260-Person Pharmaceutical Facility to Close, Layoffs Expected!

2024-10-18

Evonik, the German specialty chemicals giant, officially announced on October 11 that its coatings and adhesive resins business and healthcare business will undergo major restructuring.

PPG sells architectural coatings business in the United States and Canada

PPG sells architectural coatings business in the United States and Canada

2024-10-18

PPG, a global leader in paints, coatings and specialty materials, announced on the 18th that it has reached a definitive agreement to sell 100% of its architectural coatings business in the United States and Canada to industrial investor AIP.

Stahl Opens State-of-the-Art Polyurethane Dispersion (PUD) Production Facility in Singapore

Stahl Opens State-of-the-Art Polyurethane Dispersion (PUD) Production Facility in Singapore

2024-10-18

Stahl has announced the opening of a new state-of-the-art plant in Singapore to produce polyurethane dispersions (PUDs). This strategic expansion is designed to better meet the growing demand in Asia and the South Pacific.

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