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The group reported a strong first six months before overall demand began weakening in the third quarter as product availability grew and customers’ destocking activities increased in response to declining raw material costs.

Since its formation in 2013, the company has been building a portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, and adhesives and sealants markets.

Westlake Epoxy was also rated at this level in 2021 which positions it at the top 1% of companies assessed by EcoVadis.

The digital Report 2022 includes coverage of AkzoNobel’s financial results and business developments, while the company’s progress on its sustainability ambitions is highlighted throughout.

The company has been utilizing its warehouse in Lagos, Nigeria, to provide specialty chemicals, such as adhesives, resins, additives, and fillers from leading chemical manufacturers to end users.

In a first for Brenntag, the interest conditions of the credit facility were also linked to the achievement of quantitative ESG criteria. 

The company says the market environment was dominated by the consequences of the war in Ukraine, and in particular by increased raw material and energy prices.

The recoating work for the Greece-based shipping group is due to take place over March and April this year in China.

Brenntag will operate the facility in Pomona, enabling water treatment customers in the region to benefit from expanded blending and storage capacities.

The supervisory board of BASF SE has appointed Stephan Kothrade, Ph.D., president, Intermediates, as a member of its board of executive directors.