The CABB Group has said that it will invest over €50 million by 2025 to expand facilities at its agrochemical manufacturing site in Kokkola, Finland. Eight new chemical reactors and a new packaging plant were commissioned in September, largely as a result of a long-term supply contract with a new customer from the crop protection industry. Further ‘double-digit millions’ investments are currently being made or in the pipeline.

Umicore has announced plans to streamline its cobalt activities in the Cobalt & Specialty Materials business unit in order to strengthen its competitive position. This will lead to about €55 million in charges.

The unit, which makes cobalt and nickel speciality chemicals for a wide-range of non-battery applications, has been facing increasing competition in many markets and in cobalt refining in recent years.