Europe top stories: weekly summary

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 11 October.

Evonik plans major restructure of two business units as global competition intensifies
German specialty group Evonik plans to restructure two of its business units, putting non-core assets up for sale, closure or partnerships.

Hurricane Milton moves off Florida’s east coast with damaging winds, heavy rainfall
Hurricane Milton is moving away from Florida’s east coast but is still producing damaging winds and heavy rainfall in the state, according to the latest update on Thursday.

Fundamental change still potentially ahead for chemicals industry
Massive overcapacity along some value chains is likely to drive further fundamental shifts in the global chemicals landscape, with differentiation and innovation key to remaining competitive.

Europe chems market overdue for restructure – Brenntag chief
The European chemicals market is overdue a “massive” restructuring, the CEO of Brenntag said on Tuesday, to create players that can withstand competitive pressures from companies in higher-growth markets.

Europe MPG outlook downbeat, but potential de-icing demand brings some hope
Europe’s mono propylene (MPG) spot market will likely remain subdued into early Q1 2025 against a tough macroeconomic backdrop.