Page 167 - CW E-Magazine (19-12-2023)

News from Abroad

Syngenta will lead a dedicated working “We have invested in sophisticated others at the forefront of scientific re-
group focused on soil health. Further- tools to unravel intricate interactions search, translating our discoveries into
more, Syngenta will work with fellow within the phytobiome, such as chemi- practical solutions for farmers, and
Alliance partners to identify focus areas for cal signalling and its influence on vari- jointly establishing the foundation for
the development of cutting-edge biologi- ous facets, from root growth to a plant’s a more sustainable future in agricul-
cal solutions and support science-based stress response. ture,” said Ms. Camilla Corsi, Global
regulations that facilitate farmers’ access Head of Research, Syngenta Crop
to the biological products. We are excited to collaborate with Protection.
RESTRUCTURING
Brenntag to further disentangle two divisions, create

legal entities

Brenntag, a global leader in chemical
distribution, detailed its strategic transfor-
mation and growth path at a Capital Mar-
kets Day in London, involving the legal
disentanglement of Brenntag Essentials
and Brenntag Specialties leading towards
two distinct, high-performing divisions
with full business autonomy supported by
a lean Corporate Center.

The company will create dedicated
legal entity structures for both divisions ness, as well as specific semi-specialty profits, but with an increased conversion
along their new organizational setup, start- products from the Specialties segments ratio of 38-40%.
ing at the beginning of 2024. will move to Brenntag Essentials.
Brenntag Specialties will also switch
As part of a further portfolio reorgani- As a result of the shifts, Brenntag from a regional segment reporting to a
sation exercise, all Pharma activities will Essentials will account for 70% of the reporting in two global industry segments,
be transferred from Brenntag Essentials Group’s current gross profits with a con- Life Science and Material Science, while
to Brenntag Specialties, whilst the Water version ratio of 31-33%. Brenntag Special- Brenntag Essentials will continue to be
Treatment and Finished Lubricants busi- ties will account for 30% of the gross reported in regional segments.

BUSINESS RESTRUCTURING
Sumitomo Chemical to exit cyclohexanone business

Sumitomo Chemical has decided changes in the business environment, provement measures and, as part of these
to close down its production facilities such as soaring raw material prices and efforts, is accelerating the restructuring
for cyclohexanone at its Ehime Works a depressed market resulting from the of its businesses from the perspective of
(Niihama City, Ehime, Japan) and exit slow recovery of the global economy. In profitability and the best-owner principle.
the business. The closure is scheduled for view of these developments, Sumitomo
the end of March 2024. Chemical has determined that it would “The company will steadily advance
be difficult to realize stable sales volume these measures to ensure a V-shaped
Cyclohexanone is mainly used as an or margins for cyclohexanone over the recovery in fiscal 2024, while also
intermediate for nylon 6. Demand for medium- to long-term. strengthening its financial position to
cyclohexanone was expected to remain carry out fundamental structural reforms
solid both in Japan and overseas, but Sumitomo Chemical is implementing going forward,” the company said in a
there have recently been significant short-term intensive performance im- statement.

Chemical Weekly December 19, 2023 167

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