rssLinkedIn

Sumitomo Chemical has entered into a definitive agreement to acquire 100% of the shares of Asia Union Electronic Chemical Corporation (“AUECC”), a Taiwanese semiconductor process chemicals company. The transaction is subject to customary closing conditions, including obtaining required regulatory approvals. The acquisition of AUECC will enable Sumitomo Chemical to strengthen its global footprint and establish its first manufacturing base for semiconductor process chemicals in Taiwan and a second base in the United States, alongside its Texas site, further accelerating the expansion of its semiconductor process chemicals business worldwide.

Parker Hannifin Corporation announced that it has entered into a definitive agreement to acquire Filtration Group Corporation on a cash-free, debt-free basis for a cash purchase price of $9.25 billion, which represents 19.6x Filtration Group’s calendar year 2025 estimated adjusted EBITDA, or 13.4x including expected cost synergies. The purchase price is expected to be financed with new debt and cash on hand. The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals, and is expected to close within six to twelve months.

Nokian Tyres has concluded the personnel negotiations in Finland. The negotiations involved white-collar employees in Group functions and all business units, as well as both blue- and white-collar employees in passenger car and heavy tire production in Nokia, Finland. The negotiations will lead to termination of 35 permanent white-collar positions and 650 personnel – 90 day layoffs.

Celanese Corporation has been recognized as a finalist and award winner at the 54th annual Society of Plastics Engineers (SPE) Automotive Innovation Awards Competition and Gala, held November 5th in Livonia, MI. These innovations showcase the power of plastics in advancing automotive design, sustainability and performance.

In a bold stride toward redefining the future of transportation, global tire giant Michelin has officially inaugurated the Michelin Innovation Park at its historic Cataroux site. This state-of-the-art facility, spanning 10 hectares in the heart of Clermont-Ferrand, represents a €200 million investment aimed at accelerating breakthroughs in sustainable mobility, materials science, and digital transformation. The park is poised to become a global hub for collaborative innovation, bringing together Michelin’s top engineers, startups, and academic partners under one roof.

Solvay and Sapio have entered a 10-year agreement to collaborate on renewable hydrogen production at Solvay’s Rosignano facility, part of the Hydrogen Valley Rosignano Project aimed at cutting CO2 emissions from Solvay’s peroxides operations.

The Yokohama Rubber Co., Ltd., announced its business and financial results for the first three quarters (January to September) of fiscal 2025. Sales revenue increased 12.0% over the same period of the previous year, to \877.2 billion; business profit increased 20.8%, to \100.7 billion; operating profit increased 6.9%, to \91.7 billion; and profit attributable to owners of parent increased 8.7%, to \66.1 billion. The figures for all those items were record-high figures for performance in the first three quarters at Yokohama Rubber. In addition, the company’s business profit margin, at 11.5%, was the highest ever for the first three quarters.

Covestro AG and XRG P.J.S.C. (formerly ADNOC International Limited) announced that they have received the final remaining regulatory approval from the German Federal Ministry for Economic Affairs and Energy, marking a significant breakthrough in their long-planned strategic partnership. With all closing conditions now fulfilled, the companies said the deal is expected to close in the coming days.

PT Impack Pratama Industri Tbk (IMPC) is making one of its most ambitious moves, pledging an investment of nearly Rp250 billion (USD ~15 million) by 2026 to establish the Impack Polymer Science Institute (IPSI). This capital commitment is more than a milestone for IMPC, it is a bold investment in Indonesia’s future workforce and economic progress.