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...Growing up in Lake Jackson, Texas, near a massive Dow Chemical factory where his father worked as a chemist, Anderson studied chemical engineering at the University of Texas at Austin and Massachusetts Institute...
...He and US billionaire Wes Edens, co-founder of Fortress Investment Group, acquired a 55 per cent stake in the club for £30mn in 2018, rescuing it from financial crisis....
...These are largely, but not exclusively, a legacy of its $63bn acquisition of US crops company Monsanto in 2016....
...The $63bn purchase saddled the German buyer with billions in debt and exposed it to costly US litigation over Monsanto’s weedkiller Roundup, which users blame for their cancer....
...A co-founder of activist fund ValueAct, Ubben said last year that his three-year-old Inclusive Capital was being wound down. He is also on the board of US oil major ExxonMobil....
...Bayer paid $65bn for Monsanto assets that included a glyphosate weedkiller called Roundup....
...Brudermüller, who is set to be replaced by Markus Kamieth in the coming months, said BASF wanted to develop its Ludwigshafen site to a “leading low-CO₂-emission chemical production site with high profitability...
...The company said it would cut “multiple layers of management and co-ordination” by the end of this year as Anderson aimed to shift the bulk of the decision-making “from managers to the people doing the work...
...Adnoc declined to comment.At the heart of the matter is the complexity of the transaction and the cross-shareholdings between the companies’ chemicals arms....
Soft drinks, hard predictions
...These use antibodies to deliver chemicals directly to tumours, making them the guided missiles of the cancer world....
...An 84-year old Japanese chemical company once known for its fertilisers, is now a key input for cutting-edge sectors....
...The decision marks one of the biggest Roundup losses for Bayer, which acquired Roundup when it completed its acquisition of Monsanto in 2018....
...Francesco Grioli, a senior official at Germany’s powerful chemicals worker union IGBCE and Bayer’s supervisory board, called Bayer’s situation “precarious” blaming “a series of management blunders”....
...John Duncan, co-chair of the Business Coalition for a Global Plastics Treaty, which involves more than 200 companies including Walmart and Unilever, said negotiators remained “fundamentally” apart at the...
...We will continue to co-operate with the reviews by national authorities and related organisations, as we make an effort to provide the information required to support the registration of our products including...
...The letter is part of a campaign co-ordinated with ChemSec, an independent non-profit group, partly funded by the Swedish government, which advocates for an end to production of hazardous persistent chemicals...
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...“American society does benefit more from this co-operation on fentanyl,” said Jie Dalei, a foreign affairs expert at Peking University....
...The annual rush to sign off on financial statements has this week exposed issues at companies ranging from the chemicals giant Chemours to the toymaker Mattel....
...Constructions on facilities of chemical and material makers LCY Chemical, Solvay, Chang Chun Group, KPPC Advanced Chemicals (Kanto-PPC) and Topco Scientific in Arizona have been put on hold or significantly...
...WuXi Biologics helps to produce the chemicals underpinning 24 commercialised drugs and hundreds more medicines being studied in clinical trials, according to company data....
...In chemicals?...
...The capital expenditure also includes investment in sectors such as chemicals and clean energy, as it seeks to diversify its business as the world moves away from fossil fuels....
...With a stock market value of just €51bn, the company is currently worth less than Bayer on its own before the Monsanto acquisition....
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