Wanhua Chemical and PIC signed a joint venture agreement, with PIC investing $638 million for a 25 per cent stake in Wanhua Chemical (Yantai) Petrochemical.
Leaders from both sides attended the ceremony.
The partnership marks a new phase of collaboration, aiming to drive innovation, expand cooperation, and set a benchmark in the global petrochemical industry.Read More

Essity reported a 0.4 per cent rise in net sales to SEK 34,976 million (~$3.62 billion) in the first quarter of 2025, with 2.1 per cent organic growth driven by higher prices.
All business areas saw positive growth, though Professional Hygiene volumes declined in North America.
Despite slightly lower EBITA due to cost pressures, cash flow remained strong.Read More

Covestro has launched Desmopan FLY, a new TPU series optimised for supercritical fluid (SCF) foaming, offering lightweight, durable, and recyclable solutions for footwear, sports gear, and electronics.
With in-house SCF capabilities in Taiwan, Covestro supports efficient, sustainable production, helping brands meet performance and environmental goals.Read More

Global port activity is under strain from rising trade tensions and slowing economic growth, though credit impact remains limited due to stable revenues and contractual protections, as per Fitch Ratings.
While a prolonged trade war may pressure volumes and revenues, highly rated ports remain resilient.
Asian and Latin American ports could benefit from shifting trade routes and diversified partners.Read More