Page 158 - CW E-Magazine (18-2-2025)
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Meetings & Conferences News from Abroad
: +1-888-334-8704 | 203-840-5648 October 2025 November 2025 RESTRUCTURING
: Interphex.com/en-us.html 8-15 | Düsseldorf, Germany 12-13 | Cologne, Gremany Honeywell plans three-way split
K 2025 Sustainable Chemicals Conference &
8-10 | Amsterdam, Netherlands International trade fair for the plastics Expo
In-cosmetics Global 2025 Trans-World Events Ltd. US diversifi ed industrial conglome- electrifi cation, the automotive
: Pallavi Oak and rubber industry rate, Honeywell, is set to split into three business needed to focus on
: +91 22 67716607 Messe Düsseldorf GmbH : +44 1483 330 018 independent and smaller companies. AI, digital transformation and
: +91 998738574 : +49 0 211 / 4560-7611 : Info@trans-worldevents.com energy security, he said. “As
The company said it would spin off
: In-cosmetics.com/global/en-gb.html : Info@messe-duesseldorf.de : Sustaiablechemicals-expo.com its aerospace division from its automation a standalone company with a
simplifi ed operating structure
: Online.com/en business and is moving ahead on its pre- and enhanced focus, Honey-
May 2025 June 2027 viously announced plans to separate its well Automation will be better
7-8 | New Jersey, USA 14-16 | Shanghai, China 14-18 | Frankfurt, Germany advanced materials business as a leading able to capitalise on the global
15th ICIS World Surfactants ACHEMASIA 2025 ACHEMA 2027 provider of sustainability-focused specia- megatrends underpinning
Conference DECHEMA Ausstellungs-GmbH DECHEMA Ausstellungs-GmbH lity chemicals and materials. space division. The announcement had its business, from energy security and
ICIS : +49 69 7564-100/+49 69 7564-750 : +49 69 7564-100/69 7564-750 followed the revelation by activist sustainability to digitalization and artifi -
Nicol Lange : Visitor@dechema.de : Visitor@dechema.de “The formation of three indepen- investor, Elliott Investment Management, cial intelligence. As Aerospace prepares
: +44 (0)20 7911 1393 : Achemasia.de/en : Achema.de/en/ dent, industry-leading companies builds about its stake of more than $5-bn in the for unprecedented demand in the years
on the powerful foundation we have crea-
company. Elliott had been pushing for ahead across both commercial and
: Nicol.lange@icis.com ted, positioning each to pursue tailored the company to separate its automation defence markets, now is the right time
: Events.icis.com/ehome/worldsur growth strategies, and unlock signifi cant and aerospace businesses and follow the for the business to begin its own journey
factants/home value for shareholders and customers,” examples of General Electric, 3M and as a standalone, public company,”
INDIA Honeywell’s Chairman and CEO, Johnson Controls, which had split into Mr. Kapur stated.
July 2025 Mr. Vimal Kapur, said in a statement. separate businesses, unlocking value for
29-31 | Jakarta – Indonesia Mr. Kapur had launched the comprehensive shareholders. The spinoff of the advanced mate-
Inacoating business portfolio evaluation, which has rials business is anticipated to be com-
GEM Indonesia been completed now. The separation Mr. Kapur said it had become clear pleted by the end of this year or early
: Relyana is intended to be completed in the sec- during the review process that the strate- 2026. With nearly $4-bn in revenue last
: Relyana@gemisen-group.com ond half of 2026 and in a manner that gies for the automotive and aerospace year, the business has leading positions
: +62-21 5435 8118 is tax-free to Honeywell shareholders. businesses were “diverging”. While across fl uorine products, electronic
: Inacoating-exhibition.net Honeywell had said in December that aerospace required attention on capa- materials, industrial grade fi bres, and
city expansion, supply chain changes and healthcare packaging solutions.
it was considering spinning off its aero-
R R
29-31 | Jakarta – Indonesia BOARDROOM BATTLES
Chemical Indonesia Air Products names new CEO following pressure
GEM Indonesia
: Relyana from activist investor
: Relyana@gemisen-group.com
: +62-21 5435 8118 US-based industrial gases fi rm, Air and proxy advisory fi rms Glass Lewis, Products was shifting focus from its
: Chemical-indonesia.net Products, has announced the appointment Institutional Shareholder Services and core business towards clean energy.
of a new CEO, about two weeks after a Egan-Jones Proxy Services.
contentious battle with activist investor, Air Products became one of the big-
August 2025 Mantle Ridge Capital Management. Air Products also named Mr. Wayne gest players in green hydrogen back in
26-28 | Seoul, South Korea APRIL 2025 Smith as Chairman and Mr. Dennis 2020 when it agreed to buy all the offtake
CPHI Korea 2025 29 30 Air Products replaced its long- Reilley as Vice Chairman of the board. from the world’s largest project, the
Informa Markets Korea Corporation HALL 2, 3 & 6 | BEC | MUMBAI standing 80-year-old CEO, Mr. Seifi Mr. Reilley has also held executive under-construction 2.2-GW Neom facility
Helena (Suhyun) Kim Ghasemi, with Mr. Eduardo Menezes, positions at Linde. Last year, Mantle Ridge in Saudi Arabia – 1.2-million tonnes of
: +82 2 6715 5422 a former senior executive at rival revealed a $1-bn stake in Air Products green ammonia annually for 30 years –
Linde, effective from February 7. The and said it would push the company to despite not having fi rm plans for the
: Helena.kim@informa.com/ announcement will bring an end to a replace its CEO, restructure the board ammonia. The company also owns 33%
Cphi-kr@informa.com months-long boardroom battle, which and improve capital allocation. Inves- of the $8.4-bn project, and is its main
: Cphi.com/korea/en/home.html was backed by hedge fund D.E. Shaw tors had expressed concerns that Air contractor and system integrator.
158 Chemical Weekly February 18, 2025 Chemical Weekly February 18, 2025 159
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