Hormuz blockade sends pharma raw material costs up 300% threatening India's role as world's… – Global News Digest, 22 May 2026

Hormuz Shock & Import Security

Hormuz blockade sends pharma raw material costs up 300% threatening India's role as world's pharmacy

Chemicals Secretary Singh warns West Asia crisis is a wake-up call for India's import-dependent sector

India to launch Rs 3,000 crore chemical parks scheme as Chemicals Secretary urges self-reliance drive

PFAS & Circular Coatings

Evonik wins Ringier award for eighth straight year with PFAS-free zero-VOC TEGO Foamex 8051 defoamer

Every tin of Cromology's new Tollens paint now contains recycled content equivalent to two old tyres

Chemspec Europe whitepaper: PFAS regulation window is closing fast and 2030 is the decisive deadline

Industrial Fire & Safety Alarms

Restart blast at MOL's Tiszaujvaros petrochemical plant kills one and sends seven to hospital with burns

Boiler blast collapses glue factory roof in Bahadurgarh trapping workers and triggering massive fire

Thinner drums fuel rapid blaze at Flexituff's Pithampur plant as 100 workers evacuate safely

Semiconductor & Advanced Materials

Asahi Kasei combines PSPI and dry film photoresist into a single lamination film for AI chip packaging

Lone Star roll-up and Celanese closure quietly stripped 55,000 tonnes of PA66 capacity from global supply

Deals & Distribution Plays

ENEOS pays $2.17 billion to bring Chevron's Caltex brand across six Asia-Pacific markets under its roof

Sailun wins Minrath Group's 14-dealership tyre supply contract in Germany's Lower Rhine region

Sustainable Supply Chains

DTU and GFL sign MoU to develop science-driven water treatment and monitoring solutions for the Yamuna

Panda Biotech and Culturewell build India's first hemp fiber-to-yarn supply chain for global textile mills

Reliable Caps switches to PureCycle's 75% PCR polypropylene resin for its full closure product range

Rubber & Tyre Market Watch

Vietnam rubber stocks surge as nine-year price peak and industrial land bank conversions fuel dual gains

Thailand rains ease and Ivory Coast harvest nears sending Japanese rubber futures down 0.68%

MRF, Apollo, Ceat, JK Tyre and BKT line up Rs 10,000 crore capex blitz despite raw material pressures