As a part of Wacker's restructuring of its Russian distribution network, the German company has announced that Eurohim will be replacing Welkoms as distributor of its dispersions and dispersible powders for the construction industry. According to a press release, Eurohim is one of the biggest chemical distributors in Russia with many years of experience in the market.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
