The company is reshaping its Coating & Adhesive Resins and Health Care divisions, impacting 590 jobs and selling off non-core businesses worth €350 million.
The chemicals and materials science sector is stabilizing, with distributors playing a crucial role in supply chain reliability, driving growth and M&A activity amid global complexity.
Recent shocks in supply chains that manifested in increased inventory holdings and subsequent destocking have subsided, and the industry has relearned a critical lesson from the volatility—the importance of supply chain reliability.