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Company news, polymer materials
LANXESS
Non-managerial employees face reduced working hours and pay cut / Bonuses cancelled and executive pay frozen
02.02.2009
BAYER MATERIALSCIENCE
Work week in Germany reduced to 35 hours as demand slump continues / Pay cut for workers / Managers forfeit raises
02.02.2009
DOW
Delaware court sets 9 March trial date in takeover dispute / Moody's urges formal delay agreement
30.01.2009
CHEMTURA
Executive committee created / Business realignment
30.01.2009
CELANESE
French and Mexican VAM plant closures assessed
30.01.2009
BORSODCHEM
Major Hungarian TDI expansion may be delayed
30.01.2009
CLARIANT
Another 1,000 jobs to go as downsizing continues / “Dramatic deterioration of demand” in Q4 2008
29.01.2009
DOW
Rohm & Haas seeks USD 15 bn for breach of contract / Kuwait deal collapse cited for takeover delay
28.01.2009
HUNTSMAN
Over 1,600 jobs will go in cost cutting initiative / All divisions affected / Capital spending cut 45%
28.01.2009
A. SCHULMAN
Distribution pact with Cereplast for bioresins / “Accelerate adoption in Europe”
28.01.2009
BAYER MATERIALSCIENCE
Talks with German workforce on response to market crisis / Some 1,500 of 5,500 jobs could be affected
27.01.2009
DOW
US regulatory authority approves Rohm & Haas takeover plan / Two-day closing ruled out
27.01.2009
BOREALIS
Sirmax appointed as distributor in Italy
26.01.2009
TOTAL PETROCHEMICALS
Styrene expansion at Gonfreville started up
23.01.2009
LANXESS
Capacity use slashed by up to 80% / Short-time working planned / Move to Cologne on hold / Crisis committee
23.01.2009
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