As a former McKinsey consultant with an MBA, Fernando Musa knew about the theory of management — but it was only when he was thrust into the chief executive role at Braskem, the Brazilian petrochemical group, that he learnt how to lead.
His predecessor, Carlos Fadigas, had become embroiled in a massive corruption scandal. The company needed a new figure at the helm urgently.
> Read the full article on the Financial Times website
By Joe Leahy
Source: Financial Times
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.
