On July 24, 2026, Demei Chemicals (officially Demei Chemical Equipment Co., Ltd., hereinafter referred to as Demei Chemicals), a Chinese company, officially acquired GloBS Chemical, Ltd., located in Latvia. An agreement was signed in Daugavpils, and effective August 1, 2026, GloBS Chemical, Ltd. will be fully integrated into the Demei Chemicals management system.
GloBS Chemical, Ltd. (https://globschemical.com/) is a Latvia-based company specialized in the research, development, and production of chemical Active Pharmaceutical Ingredients (APIs).
Demei Chemicals (https://www.demeichem.com/) is a high-tech enterprise integrating R&D, design, and manufacturing, with a team of over 80 employees including more than 30 technical professionals. The company holds prestigious qualifications such as the fixed pressure vessel rule design permit, Class A2 manufacturing license, ASME U certification, and ISO9001, ISO14001, OHSAS18001, energy management, and green packaging certifications.
The chemical trade and investment relationship between Europe and China is undergoing a significant transformation, characterized by deep integration alongside emerging frictions. While trade volumes remain substantial—with China holding a surplus, particularly in exports to the Netherlands and Germany—structural tensions are rising, as exemplified by the EU's recent anti-dumping duties on Chinese adipic acid. These protectionist measures have already led to a sharp decline in China's export share of this key material to the EU, compelling Chinese firms to diversify their markets. This period of adjustment signals a move away from a purely trade-driven dynamic towards one where regulatory and geopolitical factors play an increasingly pivotal role.
Despite these headwinds, investment cooperation is accelerating, shifting from a market-access model to deep technological and industrial integration. Major European chemical giants are making record investments in China, with BASF's €8.7 billion, fully renewable-energy-powered Verbund site in Zhanjiang serving as a prime example. These initiatives, alongside projects from Evonik and Clariant, underscore a strategic pivot towards co-developing advanced, low-carbon solutions within China. This trend is reinforced by the structural pressures facing the European chemical industry, including high energy costs and plant closures, which make China's stable and growing market an increasingly attractive hub for growth and innovation.
Looking forward, the future of the partnership will be anchored in a shared sustainability agenda, creating a new "common language" for collaboration. The alignment of Europe's green deal ambitions with China's industrial decarbonization goals offers fertile ground for cooperation, particularly in areas like battery materials, plastic recycling, and carbon capture. While challenges such as the EU's Carbon Border Adjustment Mechanism (CBAM) and revised REACH regulations will raise compliance costs and drive the need for greener production in China, the complementarity of strengths—Europe's technological edge in specialty chemicals versus China's scale and manufacturing prowess—positions them as essential partners. Despite ongoing uncertainties, their mutual interest in sustainable growth and industrial resilience forms a robust foundation for a more integrated, high-tech, and future-oriented cooperation.
Moving forward, GloBS Chemical, Ltd. will leverage its extensive experience cultivated in the European market to help Demei Chemicals establish more long-term, stable partnerships with European partners.