Company news, polymer materials

BASF “Massive decline in demand” prompts capacity cuts, plant shutdowns / Some 180 units affected / Preparing for “tough times”	20.11.2008
INEOS Waiver of debt covenants sought as demand crashes / Debts four times EBITA / Crotty “battening down the hatches”	20.11.2008
ALBIS PLASTIC New distributor for BASF polymers in Benelux and France	20.11.2008
PETROCHEMICAL MARKETS Bayer MaterialScience: Force majeure for PU components in North America lifted	19.11.2008
BASF Ciba stake of 94.6% nailed down / Final result this week	19.11.2008
BOREALIS “Lupotech T” specified for 350,000 t/y LDPE plant	19.11.2008
OLTCHIM Scaling back production to 40% of capacity / Sourcing of C2 and C3 from Arpechim halted / Job cuts	18.11.2008
BAYER MATERIALSCIENCE PU systems house opens in Guangzhou	18.11.2008
INEOS European olefins and polymers units to combine	17.11.2008
LUCITE INTERNATIONAL Mitsubishi acquires UK producer for USD 1.6 bn	17.11.2008
LANXESS Earnings forecast for 2008 revised upward / Successful price hikes in Q3 / Provisions for falling demand	17.11.2008
INTERQUISA Shutdown of 630,000 t/y PTA plant in San Roque / Rising Asian imports hit profitability	14.11.2008
APPC 455,000 t/y PP plant commissioned in Jubail	14.11.2008
SABIC New PP line comes on stream at Ibn Zahr / World's largest single “Unipol” facility	13.11.2008
ROHM AND HAAS Additives plant starts up in Turkey	13.11.2008

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