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The supplier outlined new growth, investment and savings priorities for its polymers, silicones and other businesses.

The new Dahej capacity supports captive paint production, while a related VAM plant remains under construction.

The immediate increases cover 12 products across Europe, the United States and the rest of the world.

The agreement covers a substantial share of Maersk’s 2026–2028 dry-docking program and expands joint work on in-service hull performance.

About 90 employees are affected as operations move to larger facilities amid weak demand, low utilization and competitive pressure.

The completed deal adds manufacturing capacity and a broader distribution network across several growth regions.

The specialty minerals supplier promoted a longtime executive to lead the company, which serves paints, industrial coatings and other formulated-material markets.

The former Key Collision facility strengthens the company’s coverage in the greater Memphis market.

The Krefeld-Uerdingen laboratory expands testing of iron oxide and iron phosphate materials as LANXESS develops precursors for next-generation batteries.

The agreement brings a broader set of colorant and bio-based formulation technologies into a regional specialty chemical network.