The conflict on the Red Sea has not just caused despair – at least not for shipping giant Maersk. The Danish company has raised full-year profit guidance on the back of strong demand and longer sailing times to avoid the Red Sea. The company said shipping disruptions caused by Houthi attacks on the sea... (03.05.2024)

According to reports by Spanish media, PropanChem shut down the large propane dehydrogenation plant in Tarragona, Spain, at the end of April. The reason is the failure of a compressor, according to reports that cited the Catalonia Civil Protection Department. It is not yet known how long the shutdown is... (02.05.2024)

The European Commission has launched an investigation into Chinese suppliers of wind turbines for “unfair” state subsidies. The enquiry is being conducted under the auspices of the Foreign Subsidies Regulation, which took effect in January 2023 and enables the commission to address distortions in the EU... (02.05.2024)

The mood is clearly gloomy at the moment: around 70% of member companies belonging to the German industry association for paper and film packaging Industrieverband Papier- und Folienverpackung have reportedly experienced a noticeable decline in sales in 2023 compared with the previous year. IPV managing... (02.05.2024)

Business sentiment among suppliers to Europe’s car industry has deteriorated as the industry tries to confront challenges on several fronts. This is the overriding conclusion from a biennial survey by the European Association of Automotive Suppliers and consulting giant McKinsey published in April... (01.05.2024)

Global PTA production capacity is expected to grow by an average of more than 5% annually between 2023 and 2028, led by large-scale investments in China, according to analytics company GlobalData. China is set to add about 22.4 mn t/y of new capacity with the start-up of ten new projects over the period,... (01.05.2024)