ORVIA, a global automotive technology supplier, and ANAND Group, an Indian mobility solutions provider, have signed a joint venture (JV) agreement to strengthen their presence in India’s growing automotive seating market.

Evonik, Toyotsu Chemiplas Corporation and Sanyo Chemical Industries, Ltd. have launched a collaboration to advance polyurethane (PU) recycling in Japan. The initiative aims to develop a practical and commercially viable solution for recovering valuable materials from polyurethane waste.

BASF India has launched a new polyurethane (PU) waste recycling facility in Manjeri, Malappuram district, Kerala. The project is a corporate social responsibility (CSR) initiative developed in partnership with Green Worms (Serve Rural) and the Indian Polyurethane Association (IPUA).

Tosoh Corporation has decided to acquire the remaining 50% stake in Nanyo Kasei Co., Ltd., its joint venture with Asahi Kasei Corporation, making Nanyo Kasei a wholly owned subsidiary of Tosoh.

Huide is accelerating construction of its new polyurethane materials project in Taixing Economic Development Zone, Jiangsu Province, China, as the region strengthens its position in advanced chemicals and specialty materials.

India’s Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, has initiated a second sunset review of anti-dumping duties on imports of Toluene Di-Isocyanate (TDI) originating in or exported from China, Japan and South Korea.

Circ, a US-based textile recycling technology company, has partnered with China’s Huafon Group to develop a multi-phase textile-to-textile recycling facility in China, strengthening its efforts to scale circular textile production globally.

Lubrizol announced advancements to its Southeast Asia Innovation Center. These advancements include formulation development capabilities, synthesis, analytical & physical sciences, and the ability to meet the demand of the Southeast Asia market.

Saint-Gobain India intends to invest US$1.14 billion to 'triple' its business by the end of its 2031 financial year. The strategy will target acquisitions and encompass gypsum wallboard.

OCI Company Ltd., a significant South Korean industrial chemicals producer, produces a variety of products, including toluene diisocyanate (TDI), a critical component of polyurethane that is utilized in the construction and manufacturing industries.

DSM-Firmenich is strengthening its presence in Indonesia with the opening of a new office in Jakarta and an expansion of its manufacturing operations in Karawang, reinforcing the company’s long-term commitment to the Indonesian market and wider Southeast Asian region.

Azelis has expanded its partnership with DSM-Firmenich to strengthen the distribution of food & beverage ingredient solutions in Singapore and Malaysia.

OFRU and TSC Expand Solvent Recycling Activities in Southeast Asia

BASF has announced a US$250 per metric tonne increase in the prices of its Lupranate® MDI (methylene diphenyl diisocyanate) basic products and Lupranate® TDI (toluene diisocyanate) across ASEAN and South Asian countries, effective 11 September 2026, or as permitted under existing contract terms.

BASF is currently assessing a potential investment in India, reflecting its long-term commitment to supporting the region’s expanding customer base and growing market demand. As part of this process, the company is undertaking an advanced feasibility study into the development of an MDI (methylene diphenyl diisocyanate) production facility. To support the proposed project, BASF has secured industrial land in Dahej, Gujarat, through its Indian subsidiary, BASF India Polyuretha

Brenntag, a global leader in chemicals and ingredients distribution, has opened a new Nutrition Innovation & Application Center in Jakarta, Indonesia.

The global polyurethane (PU) industry entered a new phase of consolidation and strategic restructuring during 2024–2026. Unlike earlier periods, when companies primarily focused on capacity expansion and greenfield investments, recent activity has been increasingly driven by mergers and acquisitions (M&A), divestments, portfolio optimisation and targeted investment in specialty materials

Armacell accelerates sustainability and energy efficiency in Asia-Pacific industrial and building sectors

Lubrizol has expanded its partnership with IMCD to strengthen the distribution of medical polymer solutions in China, with IMCD appointed as an authorised distributor for Lubrizol’s medical polymers portfolio in East China. The collaboration builds on the companies’ established relationship in Europe and North America and is expected to improve access to Lubrizol’s medical-grade thermoplastic polyurethane (TPU) products for both domestic and international medical device manuf

Brenntag, a global leader in chemicals and ingredients distribution, has entered into an exclusive distribution agreement with Sudarshan Chemical Industries