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Kumho Petrochemical said it will concentrate on its core business to ensure internal stability amid prolonged uncertainty due to growing tension between key players and the spread of protectionism in the global oil market. The chemical company's main business is manufacturing synthetic rubber and resins and this year it plans to solidify its leading position in the market by continuing to grow.

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The trade association of the German rubber industry Wirtschaftsverband der deutschen Kautschukindustrie e. V. (wdk) announced that the companies represented in the association are represented with their products in practically all areas of life and are therefore systemically relevant for supplying the population.

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Read about Project Stop, An initiative of the chemical industry to free the seas of plastic waste, and our interview with Craig Halgreen, Director of Sustainability and Public Affairs (Borealis).

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In light of the recent developments on travel restrictions, the declaration of safety of all participants and additional measures taken by the host country relating to the COVID-19 outbreak, the International Rubber Study Group (IRSG) in collaboration with the Ministry of Agriculture and Rural Development, Republic of Côte d’Ivoire, and the Organising Committee of the World Rubber Summit (WRS) 2020 have announced the postponement of the conference to September 2020. The new dates will be communicated in due course, said the organisers.

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Feica – The Association of the European Adhesive and Sealant Industry announced that a series of its one-component foam (OCF) test methods has been approved as CEN standards. OCF manufacturers representing more than 90 % of the market in Europe have developed, within Feica, standardised test methods which allow the performance of OCF products to be measured, compared and communicated in an accurate manner, allowing customers to buy with confidence.

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Huntsman Corporation announced that it has agreed to acquire CVC Thermoset Specialties, a North American speciality chemical manufacturer serving the industrial composites, adhesives and coatings markets. CVC Thermoset Specialties is part of Emerald Performance Materials LLC which is majority owned by affiliates of American Securities LLC.

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Davis-Standard announced that in light of recent announcements related to COVID-19 and “shelter in place” requirements, it is confirming that the company has been identified as an Essential Business and will continue to operate to produce equipment required for the manufacturing of medical supplies, food and pharmaceutical packaging, construction materials and other related products.

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LyondellBasell announced that it will slow construction of its world-scale propylene oxide (PO) and tertiary butyl alcohol (TBA) plant. The company said it is limiting non-essential activities at this time due to ongoing concerns related to the COVID-19 pandemic, including government orders designed to limit human contact.

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Synthomer announced that the conditions attached to the European Commission's clearance decision issued on 15 January 2020 have been satisfied and no other regulatory approvals are outstanding for the completion of the acquisition of OMNOVA Solutions Inc ("OMNOVA"). The acquisition is expected to complete by 1 April 2020. This follows receipt of approval for the agreed sale of its PYRATEX VP Latex business to Trinseo.

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Dr. Frank Stieler resigned from his office as CEO of KraussMaffei Group GmbH on 31 March 2020 and Dr. Michael Ruf, former COO of the company, has taken over the position effective from 1 April 2020. The COO position will not be taken again, announced the company.

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