Core Viewpoint - Major chemical companies including BASF, INEOS, Invista, and LANXESS are undergoing significant business adjustments, including plant closures and divestitures, in response to market demands and operational efficiency improvements [1][2][4]. Group 1: Company-Specific Actions - **Invista**: Announced the closure of its Maitland plant in Canada, affecting approximately 100 jobs. The production of DYTEK® A amine will be relocated to Texas, with a planned investment of CAD 23 million (approximately RMB 120 million) to restart hexamethylenediamine production by Q1 2025. Additionally, over USD 500 million (approximately RMB 1.797 billion) will be invested in CORDURA® brand development over the next five years [2][3]. - **BASF**: Decided to exit the hydrosulfite business, closing its production facilities in Ludwigshafen, impacting around 65 employees. This move is part of a broader strategic assessment of the production layout at the site [2][4]. - **INEOS**: Will indefinitely shut down its European production of propylene oxide (PO) and propylene glycol (PG), despite the restoration of chlorine supply to its German facility. The company has already ceased production and plans to exit the European Chemical Industry Council's working groups by 2026 [4][5]. - **LANXESS**: Plans to sell its entire 40.94% stake in Envalior to its partner Advent International for a base purchase price of EUR 1.2 billion. This sale is part of a broader strategy to exit the polymer market, having already divested its polyurethane business for EUR 500 million [5][6]. Group 2: Industry Trends - The chemical industry is facing significant operational changes, with major players closing facilities and shifting production to enhance efficiency and meet growing demand for specific chemicals [1][2][4]. - The trend of divestitures and plant closures indicates a strategic shift within the industry, as companies adapt to market conditions and focus on core competencies [1][5].