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INEOS Styrolution plans to close its polystyrene (PS) plant in Channahon, Illinois, US by Q4 2026, the company said on Thursday. The plant’s capacity is 400,000 tonnes/year, and it has been in operation since 1960, the company said. The company is shutting down the plant because of persistent margin pressure and industry oversupply, CEO Steve Harrington said.
Pfizer Inc. announced that Dave Denton, Chief Financial Officer, will step down from his current role and leave the company on August 15 for a professional opportunity outside of the pharmaceutical industry in consumer goods, which he has accepted. The company has named Cecile Gueganas Interim CFO, while Pfizer conducts a comprehensive internal and external search.
AB InBev has appointed Dirk Van de Pu as chairman of its board, effective 16 June 2026. Van de Put is currently chairman and CEO of Mondelēz International, a role he has held since 2017. He has more than 30 years of experience in the food, beverage and consumer packaged goods sectors, with expertise across commercial operations in both emerging and developed markets.
The Supervisory Board of thyssenkrupp AG approved the Executive Board’s plans to establish tk accelis (formerly thyssenkrupp Materials Services) as an independent company. The segment is to be set up as an independent company by way of a spin-off and listed on the stock exchange.