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Companies
Polymers
General
BASF
Short-time working likely for up to 3,000 employees at Ludwigshafen / Low capacity use
16.04.2009
MITSUBISHI CHEMICAL / SINOPEC
Wider strategic partnership follows PP and PC joint ventures / China seeks high quality polymer base
16.04.2009
DOW
Delayed takeover of Rohm & Haas sealed / Closing on 1 April 2009 / Price unchanged, but deal restructured
10.03.2009
BAYER
Profits of MaterialScience plunge 85% in Q4 2008 / PC capacity use down by half, with six plants mothballed / No short term recovery expected
04.03.2009
BASF
Production, spending and headcount will shrink to fit markets / First quarterly loss since 2001 / Setbacks for plastics
27.02.2009
DOW CHEMICAL
Fourth quarter loss hits 2008 result / Volumes down by 5% / Plastics segments see plummeting sales and profits / Figures “very disappointing”
05.02.2009
DOW
Delaware court sets 9 March trial date in takeover dispute / Moody's urges formal delay agreement
30.01.2009
DOW
Rohm & Haas seeks USD 15 bn for breach of contract / Kuwait deal collapse cited for takeover delay
28.01.2009
DOW
US regulatory authority approves Rohm & Haas takeover plan / Two-day closing ruled out
27.01.2009
DOW
Kuwaiti joint venture collapses / Declining oil revenues and credit crunch / Rohm and Haas shaky?
05.01.2009
DOW
Permanent workforce to be cut by 11% / Plans to close 20 plants and idle 180 / “Non-strategic” businesses will be divested
11.12.2008
BASF
“Massive decline in demand” prompts capacity cuts, plant shutdowns / Some 180 units affected / Preparing for “tough times”
20.11.2008
ROSNEFT
Petrochemicals complex to be built near Vladivostok
12.11.2008
INDIA PETROCHEMICALS
GAIL / IOCL collaborate on new cracker complex
11.11.2008
PETROCHEMICALS
Financial crisis: merger of Hexion and Huntsman still touch and go / Ineos and LyondellBasell under pressure? / Companies deny media reports
10.11.2008
SABIC INNOVATIVE PLASTICS
Production of engineering thermoplastics reduced by 20%
06.11.2008
BASF
Naphtha hedging hits third quarter 2008 earnings
03.11.2008
BAYER
Poor performance at BMS depresses group results in Q 3 2008 / Full-year guidance unchanged / Auto crisis begins to be felt
31.10.2008
ALMAAK
Takeover of the compounding business of insolvent J&A / Focus in future on toll compounding / Belgian offshoot unaffected
01.08.2008
PETKIM
New owners to double capacity in five years
28.07.2008
SABIC
First half 2008 sales increase by 54%
25.07.2008
K-DOW PETROCHEMICALS
New jv with Kuwait takes shape / HQ in US state of Michigan / Financial incentives
21.07.2008
DOW
Settlement with former top managers / Kreinberg and Reinhard admit to “unauthorised” buyout talks
05.06.2008
SIBUR
Petrochemical group expands polyolefin activities / Russia lifts PE export duty
15.05.2008
SIBUR
Managers seek to acquire petrochemicals producer from Gazprom
08.05.2008
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