Sasol has arranged a 75% advance for a chemical complex under development in Lake Charles, La. It says the project's capital costs are expected to remain within the predicted $11.13 billion.
Merck will begin centrally allocating funds for performance materials research and development as it aims to cut the segment's product-to-market time from five or more years to a range of one to three years, Chief Financial Officer Marcus Kuhnert says. Performance materials' second-quarter sales were down 4.2%.
Electric and autonomous vehicles are driving demand for polycarbonates, which Covestro expects will grow in the next five years at a compound annual rate of 4%. Philipp Polenz, a company executive, says Covestro is considering expanding polycarbonate production in China.
The worst part about success is that it can stall our learning, as we become overconfident and stop listening to other people, LaRae Quy writes. "To become an expert means that we move the marker down the line to show progress has been made," she writes.
Many CPG companies are using artificial intelligence in growth mapping to increase revenues and growth while removing time and budgetary restraints, writes Vinit Doshi, a Periscope By McKinsey senior expert. AI and machine learning have the ability to find growth opportunities faster that humans.
Sacha Connor, director of marketing for Clorox, is leading a campaign that changes the old-school image of Pine-Sol. The need for the change was reinforced when she was turned down by two influencers who felt like Pine-Sol didn't work with their brand.
Health officials estimate about 80,000 people died from flu during the 2017-18 season, and while getting a flu shot is critical, hand-washing is a way to help stop disease from spreading, writes Melissa Hockstad, the American Cleaning Institute's president and chief executive. Global Handwashing Day was celebrated on Monday, but clean hands should be a priority throughout the year, she writes.
Half of all parents say that they involve their young children in their laundry room routines, but are they taking the right precautions? ACI's Brian Sansoni explains how to keep children safe in the laundry room, whether that be locking washer and dryer doors or keeping detergent packets out of reach.