44 Chemical Giants Slim Down in 2025: Plant Closures, Divestitures, and Layoffs

8. Abu Dhabi National Oil Company (ADNOC) In March, ADNOC and OMV reached a binding framework agreement regarding the proposed equity merger of Borouge and Borealis. The two companies are expected to merge into Borouge Group International in Q1 2026, concurrently acquiring Nova Chemicals to form a new global leader in polyolefins—ranked fourth worldwide—with an enterprise value exceeding USD 60 billion. In December, XRG (formerly ADNOC International Limited and its subsidiaries) completed the acquisition and successful closing of Covestro. 9. Austrian OMV In September, Austrian oil, gas, and chemicals group OMV announced plans to cut 2,000 positions from its global workforce of 23,000 employees. Its Romanian subsidiary Petrom is expected to be particularly hard-hit; layoffs are also planned at refineries in southern Germany and Slovakia. Of OMV’s 5,400 positions in Austria, approximately 400 will be eliminated. 10. LyondellBasell In June, LyondellBasell announced the sale of certain European olefins and polyolefins assets and related businesses—located in Belle, France; Mönchengladbach, Germany; Carrington, UK; and Tarragona, Spain—and entered into exclusive negotiations with AEQUITA, with completion expected in H1 2026. 11. Invista In September, Invista decided to close its Maitland, Canada facility and relocate DYTEK® A amine production to its Victoria, Texas (USA) plant, affecting approximately 100 jobs. 12. Lanxess In April, Lanxess completed the sale of its polyurethane systems business to Ube Industries, Ltd. of Japan. In August, Lanxess announced further downsizing measures expected to yield annual savings of EUR 50 million starting from the end of 2027: the shutdown of the hexane oxidation unit at its Krefeld-Uerdingen plant was advanced from 2026 to the end of Q2 2025; its global fragrance chemicals manufacturing network will be streamlined, with production at its Widnes, UK plant scheduled to cease in 2026; and bromine production efficiency at its El Dorado, USA facility will be enhanced. In September, Lanxess decided to sell its entire stake (40.94%) in Envalior to Advent International’s investment vehicle. 13. Celanese In August, Celanese announced further self-help initiatives aimed at saving USD 5–10 million annually by 2026: the divestiture process for its Advanced Electronic Inks & Pastes business—Micromax® assets—has entered its second round (initially announced in May); it intends to exit its Elotex® redispersible polymer plant in Sembrancher, Switzerland, and its Engineered Materials Vamac® plant in Sarnia (St. Clair), Canada. 14. Solvay In September, Solvay announced the partial shutdown of production lines at its Bad Wimpfen, Germany facility: production of trifluoroacetic acid (TFA)-related organic compounds will cease in early 2026, and production of certain inorganic compounds—including hydrogen fluoride—will be phased out by the end of 2026 (other product lines remain unaffected). Approximately 100 jobs will be cut.

Global Liquid Caustic Soda Report: Market Size, Competitive Landscape of Leading Companies, and Industry Chain Analysis

1. Market Overview 1.1 Definition and Classification of Liquid Caustic Soda 1.2 Global Liquid Caustic Soda Industry Market Size and Forecast 1.2.1 Global Liquid Caustic Soda Market Size (by Revenue), 2021–2032 1.2.2 Global Liquid Caustic Soda Market Size (by Volume), 2021–2032 1.2.3 Global Liquid Caustic Soda Price Trends, 2021–2032 1.3 China’s Liquid Caustic Soda Industry Market Size and Forecast 1.3.1 China’s Liquid Caustic Soda Market Size (by Revenue), 2021–2032 1.3.2 China’s Liquid Caustic Soda Market Size (by Volume), 2021–2032 1.3.3 China’s Liquid Caustic Soda Price Trends, 2021–2032 1.4 China’s Position in the Global Market 1.4.1 China’s Share of the Global Liquid Caustic Soda Market (by Revenue), 2021–2032 1.4.2 China’s Share of the Global Liquid Caustic Soda Market (by Volume), 2021–2032 1.4.3 Comparison of Market Growth Rates: China vs. Global Liquid Caustic Soda Market, 2021–2032 1.5 Industry Opportunities, Challenges, Trends, and Policy Analysis 1.5.1 Drivers and Growth Opportunities in the Liquid Caustic Soda Industry 1.5.2 Constraints and Challenges Facing the Liquid Caustic Soda Industry 1.5.3 Development Trends in the Liquid Caustic Soda Industry 1.5.4 Policy Analysis of Relevant Industries in the Chinese Market 2. Global Competitive Landscape of the Liquid Caustic Soda Industry 2.1 Market Share of Key Global Players (by Revenue), 2021–2026 2.2 Market Share of Key Global Players (by Volume), 2021–2026 2.3 Price Comparison Among Key Global Players, 2021–2026 2.4 Analysis of Three-Tier Market Participants: Global First-Tier, Second-Tier, and Third-Tier Liquid Caustic Soda Producers 2.5 Market Concentration Analysis of the Global Liquid Caustic Soda Industry 2.6 M&A Activity in the Global Liquid Caustic Soda Industry 2.7 Product Portfolios of Key Global Liquid Caustic Soda Manufacturers 3. Competitive Landscape of the Liquid Caustic Soda Industry in the Chinese Market 3.1 Market Share of Key Chinese Players (by Revenue), 2021–2026 3.2 Market Share of Key Chinese Players (by Volume), 2021–2026 3.3 Market Share of Chinese Liquid Caustic Soda Players: First-Tier, Second-Tier, and Third-Tier 3.4 Comparison of Import vs. Domestic Manufacturer Shares in the Chinese Market, 2021–2026 3.5 Domestic vs. Export Sales Ratio of Chinese Local Manufacturers in 2025 3.6 Import–Export Analysis of the Chinese Market 3.6.1 Production, Sales, Imports, and Exports of Liquid Caustic Soda in the Chinese Market, 2021–2032 3.6.2 Import–Export Trade Trends of Liquid Caustic Soda in the Chinese Market 3.6.3 Major Sources of Liquid Caustic Soda Imports into the Chinese Market

Westlake Chemical Partners Releases Q2 2026 Financial Results

Aug 4, 2026

Westlake Chemical Partners LP reported Q2 2026 earnings missing analyst expectations, posting $14.2 million net income on $297.1 million revenue despite a positive analyst outlook.

AlphaStreet

Westlake Chemical Partners Releases Q2 2026 Financial Results

AlphaStreet

2026-05-05

Westlake Chemical Partners LP Reports Q1 Revenue $305.7M, Below FactSet Estimate

2026-05-06

Westlake Chemical Partners LP (NYSE:WLKP) Q1 2026 Earnings Call Transcript

2026-05-06

Westlake Chemical Partners outlines growth levers as it reports $0.4714 quarterly distribution and no planned 2026 turnarounds

2026-05-07

Westlake Chemical Partners (WLKP) EPS Growth And 8.04% Yield Test Income Bull Narrative