AGP Executive Report
Last update: 2 hours agoEarnings and Costs: Wacker Chemie nearly doubled third-quarter EBITDA to €217 million, helped by cost cuts and higher prices, while keeping its forecast. BASF raised its 2026 profit outlook for a second time as Iran-related price increases lift earnings, but says restructuring and job cuts must continue. Ineos warned that Britain’s high energy costs still threaten manufacturing. Capacity and Investment: LANXESS plans to build the world’s largest EPDM plant in China. BASF is expanding bio-based surfactant production in Ohio, while Indian officials are pitching a $1 trillion chemicals market and new industrial hubs. Trade and Regulation: Beijing warned it would respond to discriminatory EU trade restrictions, after reports Brussels may extend sector measures to chemicals. Syensqo has ended fluorosurfactant production at its Italian plant, amid wider scrutiny of persistent chemicals.
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