Chemical Business Research Articles

Firm Value Model in Pharmaceutical Companies

This study intends to investigate and fill the knowledge vacuum among academics about the issue wherein leverage is not given priority as a risk factor in relation to institutional ownership and the availability of firm liquidity. Furthermore, investors in the capital market do not perceive leverage to be a major factor. This study uses a quantitative methodology, focusing on chemical businesses listed on the Indonesia Stock Exchange (IDX) over a ten-year period. It does this by using a multiple regression analysis method using panel data. Five companies were chosen through the use of a purposive sampling strategy. Through the use of leverage as an intervening variable, the study aims to maximize Firm Value. Two research models are combined into one, with each passing through different phases of testing for model selection, such as the Lagrange Multiplier, Hausman, and Chow tests. The results of the first model show that while liquidity affects leverage, ownership structure has no effect on it. In the second model, liquidity successfully explains the relationship between ownership structure and firm value. Furthermore, the impact on firm value is not mediated by leverage as an intervening variable. It is expected that these results will function as a roadmap for publicly traded corporations seeking to increase their Firm Value

Weak demand in chemical business impacts Wacker’s sales and earnings growth in Q2 2023

Weak demand in chemical business impacts Wacker’s sales and earnings growth in Q2 2023

The Effect of Green Investment and Green Financing on Sustainable Business Performance of Foreign Chemical Industries Operating in Indonesia: The Mediating Role of Corporate Social Responsibility

Emerging economies endeavor to achieve a green economy by realizing their potential for sustainable commercial success. Due to natural resource restrictions, businesses must concentrate on green investment, financing, and resources to promote sustainable company performance. To better understand how to implement corporate social responsibility (CSR) and sustainable company performance, this study looks at the effect of green financing and investment. The study used quantitative research techniques through primary and secondary data sources from Indonesia’s 238 sampled international chemical companies. Additionally, a standardized questionnaire was employed in this study to gather data. The study used Smart-PLS and a structural equation model (SEM) to examine the data gathered and determine the relationship between green investment, green financing, CSR, and sustainable business performance. The study shows that green investments and financing significantly and favorably affect CSR and sustainable performance. Additionally, it was found that CSR significantly mediates green investment and green financing with sustainable business performance relationships. This work added to the body of literature and emphasized the significance of each construct. The study’s conclusions also suggested that highly polluting chemical businesses should incorporate green financing, investment, and CSR to improve sustainable economic performance.

IFF to divest aroma chemical business

International Flavors & Fragrances will sell its flavor specialty ingredients business to Exponent, a UK-based private equity firm, for $220 million. The business makes more than 1,000 synthetic aroma chemicals and natural extracts used in flavors. It has about $100 million in annual sales and operates plants in the UK, the US, and China. Exponent notes that it is already an investor in two other food businesses: Quorn Foods, a maker of meat alternatives, and Meadow Foods, a dairy ingredients firm.

IFF to sell aroma chemical business to private equity firm

IFF to sell aroma chemical business to private equity firm

Analisis Tingkat Keuntungan dan Risiko Sistematis Sebagai Dasar dalam Keputusan Investasi Pada Perusahaan Jakarta Islamic Index (JII) di Bursa Efek Indonesia (BEI)

Risks that really must be considered are systematic risks, because those risks are faced by all companies. Stock analysis must be done carefully. Investors can choose various alternative options for companies that have high returns with certain risks or choose companies that have the smallest risk with certain benefits. The right investment decision is expected to provide optimal results. The method used in this research is descriptive method using a single index model (single index model). Investors can invest their funds in the basic industrial and chemical business sectors that have the highest level of profit and the Trade and Investment Services sector has the least systematic risk. The lowest value of the risk is owned by the Trade and Investment Service Company, thus investors can invest their funds in the Basic and Chemical Industry or in the Trade Services sector. Keywords: Profit Rate, Systematic Risk, and Investment Decisions.

Business Roundup

BUSINESS Business Roundup ShareShare onFacebookTwitterWechatLinked InRedditEmail C&EN, 2022, 100 (43), p 15December 5, 2022Cite this:C&EN 100, 43, 15AbstractElementis will sell its chrome chemical business to Yildirim Group in a deal valued at $170 million. The business, which had sales of $171 million last year, is the only chromium chemical producer in North America. Braskem CEO Roberto Simões is stepping down at the end of the year. He will be succeeded by Roberto Bischoff, who was with the Brazilian chemical maker from 1979 to 2019. Keliber says it is preparing to start construction on a $600 million facility in Finland that it expects to produce 15,000 metric tons per year of lithium hydroxide. The company also plans to open a lithium mine nearby. Honeywell and Egypt’s Environ Adapt for Recycling Industries have signed an agreement to develop a plastics recycling plant in Egypt. It would use Honeywell’s Upcycle pyrolysis technology. TotalEnergies will build a plant in Carling, France, that makes polypropylene compounds for the auto industry with upView: PDF | Full Text HTML

Talking About the Significance of Network Information Chemical Business Management to Improve Enterprise Management Level

The rapid development of social science and technology and the continuous update and iteration of network information technology have brought disruptive changes to the business management of enterprises. Enterprises still adopt the traditional business management model, which is difficult to support the current fast-paced office business and operational needs. Enterprises should break the stereotype of traditional management thinking, cater to the current social development situation, integrate modern network information technology in the business management of enterprises, and promote the improvement of the level of business management of enterprises. This paper focuses on the concept, characteristics and connotation of business management, analyzes the significance of network information technology to the improvement of business management level of enterprises, discusses the problems existing in the current business management of enterprise network information and chemical industry, and puts forward scientific coping strategies to cater to the society. According to the development situation, constantly innovate the development path of enterprise network information chemical business management, in order to provide reference for related majors.

The Application of Multimedia Visualization Platform in Business Management from the Perspective of Supply Chain Management

At present, in the process of enterprise operation and development, the implementation of enterprise operation modernization is a necessary condition and an effective measure to raise the management level. With the aim to achieve such enterprise modernization, it is necessary to improve the management’s modernization ability by improving the modernization level of enterprises. Therefore, corporate executives should pay more attention to the construction of informatization and implement informatization through effective methods and measures to further improve management efficiency. It will note the concept and connotation of business management, analyze the significance of the multimedia visualization platform at the level of enterprise business supply chain, analyze the current business management of enterprises and put forward scientific coping strategies, cater to the social development situation, and constantly innovate the development path of enterprise network information and chemical business management; this will help related majors.

UK puts Sika’s buy of MBCC on hold

The planned acquisition of MBCC Group by Swiss construction chemical giant Sika has been put on hold while UK regulatory authorities make an in-depth assessment of whether the deal would be anticompetitive. Sika agreed to buy MBCC, the former construction chemical business of BASF, from the investment firm Lone Star Funds in November 2021 for $5.9 billion. Sika says it now aims to complete the deal in the first half of 2023 rather than by the end of 2022.

Long-term factors and trends in the development of the Ukrainian chemical industry

The chemical industry is an important industrial sector of the global economy and one of the main drivers of its innovative development. Today, the industry is searching for answers to modern climate, energy and technological challenges, working out the sectoral features of the digital transition, implementation of the sustainability paradigm. The purpose of this paper is to analyze the current state of the Ukrainian chemical industry and define the prospects for its development under the influence of key long-term factors and trends. We demonstrate that the national chemical sector is in a long-term downward trend caused by structural imbalances and a deep crisis of the long-standing model of chemical manufacturing. At the same time, several new positive trends and growth points, which can become the basis of the long-term development of Ukrainian chemical production, are evolving. The author's conceptual approach to determining factors and trends in the development of the Ukrainian chemical industry includes: (1) highlighting of the great cross-industry importance of chemical production as a system-forming factor, (2) researching of key global megatrends and their influence as long-term national factors, (3) considering of internal and external dimensions of transformations, (4) analyzing of trend synergy and cross-industry synergy, (5 ) identifying of specific priorities by industry segments. The driving power for long-term transformations of the chemical business is the mutually reinforcing influence of two global megatrends – the development of technologies of the fourth industrial revolution and the achievement of sustainable development goals. The long-term guidelines for the development of the Ukrainian chemical industry are related to digitalization, customization, circularity, climate neutrality, resource efficiency and cross-sectoral integration. In this work, based on the analysis of the current state of the national chemical industry and its different segments, as well as the identification of determinants of long-term development, we outline several trends that have a long-term potential for implementation in Ukraine. These include such trends as creating of small-tonnage production of differentiated chemicals with an innovative component and import substitution potential; deepening the interaction of chemical manufacturers with consumers using digital platforms; developing of regional innovation ecosystems, boosting cluster initiatives and designing of smart specialization strategies with an emphasis on cross-industry integration; decarbonization, increasing of bio-based products, deepening of other ecological and safety components of production and consumption of chemicals; reforming the system of technical regulation of production and circulation of chemicals in accordance with the requirements of the European Union.

The Effect of KAP Reputation, Company Growth, Leverage, Company Size on Going Concern Audits, Empirical Studies of Basic and Chemical Industries listed on the Indonesia Stock Exchange for the 2015-2020 Period

Primary and chemical industries, mainly cement, had a 2.2% fall in net profit to Rp3.14 trillion. This research examines the impact of KAP reports on corporate growth, audit pressure, firm size, and the Indonesia Stock Exchange's chemical sector fundamentals for 2015-2020. The quantitative method uses test results and logistic regression. Their quantitative study. Explains quantitative research. This examination covers 75 industrial and chemical businesses listed on the Indonesia Stock Exchange for 2015-2020. This model has 26. Logistic regression analyzes the data. The research shows the KAP report affects the Audit Concern Proceeding (empirical study of introductory and industrial chemistry listed on the Indonesia Stock Exchange for the 2015-2020 period). Group expansion does not influence the Concern Audit (Empirical Study on Basic and Chemical Industries on the Indonesia Stock Exchange). 2015-20). Going Concern Audit denies leverage (Empirical Studies on Basic and Chemical Industries on the Indonesia Stock Exchange reviewed for 2015-2020). They are going Concern Audit group size wrong (Empirical Studies on Basic and Chemical Industries listed on the Exchange). Indonesia 2015-2020 KAP reports, firm growth, leverage, and size impact audit concern (Empirical Study of Basic and Chemical Industries listed on the Indonesia Stock Exchange 2015-2020 Period).

H2O Innovation expands UK speciality chemicals plant

In order to keep up with demand from the market, Canada's H2O Innovation Inc has expanded the production capacity of its chemical business’ manufacturing plant in Cheshire, UK.

Kao to establish a tertiary amine production plant in Texas, US to strengthen the foundation of its chemical business

Kao to establish a tertiary amine production plant in Texas, US to strengthen the foundation of its chemical business

Using YouTube to Connect and Educate Individuals in the Chemical Industry

In the chemical industry, a new generation of decision-makers is emerging in the next 5 to 10 years with a higher affinity for the use of videos to find information and to connect with other individuals. Through the digital transformation, an “on-demand” culture has become usual. As individuals want to access information at any time, B2B companies need to transform to video-based infrastructures enabling them to build effective relationships through connecting their employees with the new decision-makers of the industry. The speciality chemicals business is characterized by a high level of innovations which is seen as an excellent source to create video content aiming to connect individuals and to change social communication patterns. The current academic literature indicates the advantages of using YouTube in B2B, but a specific framework describing how to embed YouTube in the customer journey to improve B2B social communication and to achieve better social connections between B2B individuals is missing. Using an adopted content analysis, this paper developed a framework for YouTube-based activities combining the four major elements, Content, Touchpoint, Usage and Stimulus, in an interrelated setup.

Cargill to acquire Croda’s bio-based industrial business

Cargill Velocity Holdings Ltd has reached an agreement with Croda International Plc to acquire the majority of its performance technologies and industrial chemicals business. The investment will expand Cargill’s bio-industrial footprint and intends to better serve industrial manufacturers seeking “greener” ingredient solutions.

Макроэкономическая эффективность интеграции высокотехнологичных отраслей в глобальные цепочки стоимости

The issues of determining and assessing the effectiveness of national economic (macroeconomic) industries’ integration into global value chains (GVC) are of great importance in the context of globalization processes revision. The paper provides the criterion basis for assessing comprehensive national economic (macroeconomic) efficiency of high-tech industries participation in GVCs based on the comparison of indicators of downward (Backward GVC) and upward (Forward GVC) industry links in GVCs and the indicator of revealed comparative advantage in trade (RCA). The author proposes and substantiates the criterion of effective macroeconomic integration — a combination in the dynamics of positive RCA and the excess of positive Forward GVC over Backward GVC. Drawing on the analysis of the Trade in Value Added indicators of the OECD database, the author argues that with such combinations the high-tech industry expands in foreign markets due to the outstripping growth of technological conversions with high added value in its territory, which has a beneficial effect on the growth rate of the national value-added indicator in the gross export of manufacturing industry. This expresses the effectiveness of national economic structural shifts, which indicates an increase in high-tech redistributions on the country territory, aimed at exporting products of manufacturing industries. The study reveals the success of the country 'import substitution’ integration model of high-tech industries into GVCs. The analysis concludes with empirical cases from Kazakhstan pharmaceutical industry and digitalization of chemical global TNCs business flows providing a valid criterion for effective macroeconomic integration in GVCs.

Business Roundup

BUSINESS Business Roundup ShareShare onFacebookTwitterWechatLinked InRedditEmail C&EN, 2021, 99 (45), p 21December 20, 2021Cite this:C&EN 99, 45, 21AbstractEastman Chemical is considering building additional plants in the US and Europe that use its methanolysis process to break down polyethylene terephthalate into dimethyl terephthalate and ethylene glycol. The firm expects the first large plant to open in Kingsport, Tennessee, by the end of 2022 and to cost $250 million. Ascensus Specialties has acquired the fine chemical maker Wychem. The deal expands US-based Ascensus’s reach into the UK and Europe and adds new chemistry types to its offerings in starting materials and intermediates for drug manufacturing. Bridgestone will sell its chemical business, which has annual sales approaching $500 million, to the Japanese investment firm Endeavour United. Bridgestone is unloading the unit to focus on its core tire operations. Cabot and International Flavors & Fragrances will work to develop biobased rubber additives that will be marketed by Cabot. The firms plan to blend a sugar beet–derived polysaccharide from IFF and reinforcingView: PDF | Full Text HTML

The chemical sciences are key to the world’s biggest challenges

When I look back on 2020 and 2021, I am particularly proud to be a chemist. The impact that chemical scientists have made toward addressing COVID-19, as well as the continuous evolution we have had in translational research and the creation of new chemical businesses during these challenging times have been both impressive and inspirational. Before the pandemic, I met with a US legislator who indicated that science had become more like a special interest than a priority and more scientists needed to be making our case about the importance of investments in science. Shortly thereafter, science took center stage, and its importance became clear to much of the world, despite the unfortunate circumstances. We need to build on this moment and continue to communicate to the public and to US and world leaders about the importance of the chemical sciences and their impact on the environment, health, security, and

Cepsa carves out petrochemical unit

The Spanish energy group Cepsa has carved out its chemical division, and in January the unit will begin operating as an independent business. Cepsa says it will review “all strategic options” for the chemical business. Last year the business had sales of about $2.9 billion of petrochemicals including phenol, linear alkylbenzene, and paraffins, from plants in Brazil, Canada, China, Germany, Indonesia, and Spain.