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Companies

01.10.2024 COVESTRO  Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann

01.10.2024 BASF  Petrochemicals and Materials division focus on China and Verbund strategy / “Three-step approach not enough” – criticism from trade union and works council

01.10.2024 PACKAGING UK  Supermarkets receive pushback for discontinuing lids for perishable products / Sainsbury's, Tesco stand by decision to save 260 t/y of plastic

01.10.2024 RENOLIT  Karsten Jänicke tapped as chair of management board

01.10.2024 LYONDELLBASELL  Start of construction for industrial-scale chemical recycling plant in Germany

30.09.2024 HELLA  Automotive supplier issues profit warning / Cost-cutting measures to be implemented sooner than planned

30.09.2024 BASF  Reorganisation at chemicals giant / One third of group no longer considered core business / Plastics remain central

30.09.2024 VARTA  Battery manufacturer confirms restructuring programme / Investors consider legal measures

30.09.2024 MARQUARDT  Mechatronics specialist opens new plant in Tunisia

27.09.2024 BUTADIENE  NEW at PIE: Spot and contract price reports for the precursor / Supply situation in Europe remains tight; prices likely to remain high / Numerous expansions planned in Asia

27.09.2024 LOGISTICS  Ningbo port to invest almost EUR 900 mn in capacity expansion / French shipping group CMA CGM plans to acquire port terminal operator Santos Brasil

27.09.2024 GRAMMER  Seat manufacturer pulls plug on loss-plagued US subsidiary, sells TMD

27.09.2024 AUTOLIV  VP of Engineering in China, Fabien Dumont, appointed CTO / Swedish automotive supplier issues profit warning

27.09.2024 SAINSBURY'S  UK retailer plans to reduce plastic packaging by over 560 t/y

26.09.2024 CORRECTION - VINNOLIT  Force majeure on PVC from Germany lifted

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