It is announced Firmenich reached an agreement with MG International perfume Company to joint ventures.MG International headquarters is located in Turkey, belonging to the family of Gulcicek, which is famous for offering innovative perfume solutions and first-class service to medium-sized customers in Turkey, the Middle East, Eastern Europe, and Africa. The Gulcicek family remains a major shareholder in MG international. Upon completion of the transaction, MG international will become a member of Firmenich and keep its original brand name.

On August 12, US President Donald Trump announced that the US would impose a 10% tariff on us $300 billion worth of goods imported from China on September 1. For China's chemical industry, the new tax will no doubt include some chemicals that had not been included before, including arsenic acid barium oxide, 13 kinds of inorganic chemicals, such as vinyl chloride glycerin phosphite diethyl, 95 kinds of organic chemicals, disperse blue 30 and its related preparations of benzene and PBO, 5 kinds of dye intermediates, orange essence oil of citrus essential oils 17 kinds of essential oil and makeup is tasted, of wash one's hands and soap, candles, 2 kinds of daily chemicals, casein isinglass of 14 kinds of protein substances, fireworks four metaldehyde 12 types of explosives fireworks and inflammable material products, 19 kinds of miscellaneous chemical products such as stearic acid oleic acid DDT, 35 kinds of plastics and their products such as glove album, 12 kinds of rubber and their products such as medical glove rubber are on the list. Because of the influence of tariffs, and some of the export of raw materials by partial resistance cannot export foreign sales, the products will be gone shifted it for this is the stock situation of chemical raw materials, is a serious blow to the current domestic raw material has serious surplus production capacity, and constant tariffs make more raw materials products have no way out, can only make domestic raw materials products more surplus is likely to lead to a vicious competition on price etc. The phenomenon, caused part a drop in prices of raw materials。

In August, our company organized a group tour, and we came to the beautiful coastal city of Qingdao, where we experienced different local conditions and customs. The food in Qingdao is very impressive, we enjoy all kinds of seafood. The beach, which you can see everywhere, is full of tourists. Facing the cool breeze of the seaside, we took a group photo together and left a good memory.