Vetter, a pharmaceutical service provider, is expanding its pharmaceutical warehouse in Ravensburg. The capacity expansion supports the increasing market demand as well as the organic growth of the independent family-owned company. With an investment volume of over €150 million, the existing 13,000 pallet spaces for cold storage will be expanded by a further 16,000. Once completed, Vetter will...
When presenting its annual report, Wacker Chemie confirmed that the company's sales and earnings for the past fiscal year remained below the previous year's figures due to the persistently weak market environment. The main reasons for this were lower prices and significantly lower sales volumes in the polysilicon segment. By contrast, the chemical divisions posted sales at the previous year's...
Global specialty chemicals innovator Perstorp, a wholly-owned subsidiary of Malaysia’s Petronas Chemicals Group Berhad (PCG), announced that the animal nutrition focused plant in Waspik, the Netherlands has officially reduced its direct emissions in scope 1& 2 to report zero over 2024. To be able to reduce greenhouse gas emissions, Perstorp Waspik has taken several steps including replacing all...
The French company Orange Cyberdefense and Weidmüller, an international specialist in electronics and connectivity, announced their strategic partnership in the field of cybersecurity consulting at SPS Smart Production Solutions 2024. Together, they aim to make it easier for manufacturing companies to access comprehensive cybersecurity consulting services. The increasing convergence of information...
K 2025, to be held in Düsseldorf from 8 to 15 October, has set itself the task of addressing the key challenges of our time and presenting concrete solutions. This is also reflected in its key topics. One of them is “Embracing Digitalization”. The plastics industry worldwide is facing major economic and regulatory upheavals. Increasing competitive pressure, stricter environmental regulations and...
Update: BASF has confirmed and specified its preliminary business results for 2024. BASF Group's sales for the full year 2024 amounted to €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 a slight increase in volumes, sales prices declined, with a steady price recovery in 2024 compared to the respective prior...
Evonik is building a pilot plant in Marl for the production of its anion exchange membrane (AEM for short). The company developed this membrane itself and markets it under the name Duraion. As a central component of the AEM water electrolysis, it has the potential to enable the cost-effective production of green hydrogen. Evonik is investing an amount in the low double-digit million euro amount in...
The Weber Food Technology management team was already strengthened last year with the addition of Michael Brandt as Managing Director of Technology. He is now followed by Dr. Michael Hausicke, who has held the position of Managing Director of Operations since February 2025. In his new role, he will be responsible for developing the areas of production, purchasing, quality management, and customs...
Infineon has received funding approval from the European Commission for the construction of the Infineon Smart Power Fab in Dresden. The approval of the funding is part of the European Chips Act. The official funding approval from the Federal Ministry for Economic Affairs and Climate Protection, which is responsible for the disbursement of the EU Chips Act funding, is still pending. This is...
BASF and Sherwin-Williams have signed an agreement to sell the Brazilian decorative paints business of BASF's Coatings division. The purchase price, excluding cash and financial liabilities, is $1.15 billion. The transaction is structured as a so-called share deal. It includes the production facilities in Demarchi and Jaboatão, the associated contracts, the Suvinil and “Glasu!” brands and the...
