The BASF Group's sales for the full year 2024 are expected to be €65.3 billion. This is €3.6 billion less than in the previous year, when the chemical company generated sales of €68.9 billion. Despite slightly increasing volumes, sales prices declined, with a steady price recovery in 2024 compared to the respective year-earlier quarter. In addition, currency effects weighed on sales development...
Wacker Chemie has opened two new production plants for specialty silicones in Japan and South Korea, thus strengthening its activities in the Asian growth market. The new plants are designed to meet rising demand for specialty silicones from the automotive and construction industries. Wacker has invested a double-digit million Euro amount in the capacity expansion. “With the expansion of our...
The exhibitor database for K 2025 has been online since mid-January. The fully booked-up leading trade fair for the plastics and rubber industry is once again characterized by the participation of international market leaders along the entire value chain. According to the organizer, Messe Düsseldorf, it offers a wealth of industry know-how and information well before the start of the fair.
From May 3 to 8, 2025, Iffa will focus on key future topics in the meat and protein industry. Under the motto “Rethinking Meat and Proteins”, the leading international trade fair will present a comprehensive picture of the value chain, from processing to ingredients and packaging. The exhibition halls are already well booked. Wolfgang Marzin, President and CEO of Messe Frankfurt, emphasized in a...
Touchlight, a Contract Development and Manufacturing Organisation (CDMO), has announced that its Hampton, UK facility has achieved GMP certification. This makes Touchlight the first synthetic DNA manufacturer in the world to receive regulatory approval for the manufacture of Active Pharmaceutical Ingredient (API). This places the company in a unique position to support its growing customer base in...
Leadership change in Europe: Effective February 1, 2025, Dr. Yun Chen will take over the leadership of European production for Covestro's Performance Materials (PM) Business Entity. In this position, he succeeds Dr. Daniel Koch, who is leaving the company at the end of January at his own request. After three successful years as head of Performance Materials Operations APAC, Dr. Yun Chen will...
The Polymers Center in Charlotte, North Carolina, now provides an exceptional opportunity for international companies in the plastics industry to showcase and test their technologies and products in the U.S. market. Through a specially designed "Nesting" program, foreign manufacturers can present their equipment in a state-of-the-art facility spanning approximately 130,000 square feet and benefit...
Bosch is selling the security and communication technology product business of its Building Technologies division to the European private equity firm Triton. The transaction includes the three product areas of video systems, access control and intrusion alarm systems, and communication systems. This corresponds to the entire Bosch Building Technologies product business that is available for sale...
The software company PTC announced that it has partnered with Microsoft and Volkswagen Group to develop a generative artificial intelligence copilot based on the PTC Codebeamer application lifecycle management solution. Codebeamer Copilot will support software development in physical products by enabling software engineers to create and manage product requirements more efficiently as well as test...
Clariant has completed the transition to an additive portfolio that is completely free of per- and polyfluoroalkyl substances (PFAS). This underscores the chemical company's commitment to more sustainable and customer-oriented product development. The transition to PFAS-free additives reflects the company's deep understanding of its customers' needs and its ongoing commitment to environmental...
