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Displaying 1 - 20 of 649 stories.
December 30, 2008
Reckitt Benckiser Directs Carbon Reduction Program at its Customers
Reckitt Benckiser (Slough, U.K.), which sells a broad range of branded healthcare, personal care, and cleaning products across the world, says it has begun a campaign aimed at...
http://www.chemweek.com/people_and_business/companies/16117.html
December 30, 2008
Plant Closures in Hundreds, Job Cuts in Thousands, as Industry Copes With Recession
BASF, Dow and DuPont, the world’s three largest chemical companies, have shuttered, idled or cut production at some 460 plants, according a review of recent news in CW. Other...
http://www.chemweek.com/people_and_business/companies/16125.html
December 22, 2008
AkzoNobel
The past year has been a period of major change for AkzoNobel (Amsterdam). Two large-scale merger and acquisition (M&A) deals—the €11-billion ($14.7 billion) divestment...
http://www.chemweek.com/people_and_business/companies/16026.html
December 19, 2008
Lanxess Puts Strategic Investments On hold
Lanxess, in response to the global economic crisis, is taking further steps to address the situation by postponing some of its capital projects, including a world scale butyl rubber...
http://www.chemweek.com/people_and_business/companies/15987.html
December 18, 2008
Kemira Plans Capacity Cuts and Site Closures
Kemira says it will reduce capacity and close sites making polymers for paper chemicals under a new restructuring program designed to save an annualized €10 million...
http://www.chemweek.com/people_and_business/companies/15970.html
December 18, 2008
Evonik Slims Down its Board of Management
Evonik Industries says that the size of its exceutive board will from January 1, 2009 be reduced from seven members, to three. The downsized board will comprise Klaus Engel, who...
http://www.chemweek.com/people_and_business/companies/15973.html
December 17, 2008
Lanxess Plans Production Cutbacks and Plant Shutdowns
Lanxess says it has reached an agreement with empolyee represenatives on temporary production cutbacks and plant shutdowns over the holiday season and into January 2009. The measures...
http://www.chemweek.com/people_and_business/companies/15955.html
December 17, 2008
Shin-Etsu Chemical Issues Profits Warning
Shin-Etsu Chemical has warned that its earnings and sales for the fiscal year ending March 31, 2009 will be lower than previously forecast. "The market environment in a wide range...
http://www.chemweek.com/people_and_business/companies/15956.html
December 17, 2008
Merck KGaA to Idle "Several" Production Plants
Merck KGaA (Darmstadt, Germany) plans to halt production at “several” of its production plants in the coming weeks due to a sharp drop off in demand for its products that...
http://www.chemweek.com/people_and_business/companies/15957.html
December 17, 2008
Eastman Slashes Labor Costs, Capital Expenditures in 2009
Eastman Chemical says it will reduce costs by more than $80 million in 2009 through the elimination of 40 positions, wage freezes, elimination of overtime, and changes to the...
http://www.chemweek.com/people_and_business/companies/15969.html
December 15, 2008
Arkema and DSM Downgrade Profit Forecasts, Reduce Costs in Response to Tough Trading Environment
Arkema and DSM have each lowered their 2008 profit forecasts and announced further cost-cutting measures in response to the tougher trading environment. Arkema says it has been hurt by...
http://www.chemweek.com/people_and_business/companies/15927.html
December 15, 2008
Kemira Buys Slovakian Paints Firm
Kemira’s paints and coatings business Tikkurila says it has agreed to acquire sales company Finncolor Slovakia (Martin, Slovakia). Tikkurila says it has agreed to acquire 100% of...
http://www.chemweek.com/people_and_business/companies/15929.html
December 11, 2008
Hovione to Buy Irish Pharma Ingredients Site from Pfizer
Privately owned pharmaceutical ingredients manufacturer Hovione (Loures, Portugal) says it has agreed to buy Pfizer’s multipurpose active pharma ingredients (API) plant at...
http://www.chemweek.com/people_and_business/companies/15827.html
December 11, 2008
Sabic Innovative Plastics to Cut 10% of Workforce
Sabic Innovative Plastics says it will eliminate nearly 10% of the company’s global workforce due to the current economic downturn. Approximately 1,000 of Sabic-IP’s 10,500...
http://www.chemweek.com/people_and_business/companies/15828.html
December 10, 2008
Praxair Reduces Earnings Forecast, Will Cut 6% of Workforce
Praxair says it expects to earn 95 cts-$1/share in the fourth quarter, below estimates of $1.03-$1.08/share issued in late October. Praxair says it has seen a "substantial"...
http://www.chemweek.com/people_and_business/companies/15809.html
December 9, 2008
Dow Closures Will Include Chlor-Alkali, Styrenics, and Rubber
Dow Chemical says it will shut chlor-alkali, emulsions, styrenics, and hydrocarbon rubber plants. The company made the announcements as it disclosed further details of the...
http://www.chemweek.com/people_and_business/companies/15806.html
December 8, 2008
Rhodia Downgrades Full-Year Earnings Guidance
Rhodia has downgraded its full-year earnings guidance and says that 2008 recurring Ebitda will be "about 10% below" the almost €800 million achieved in 2007. The...
http://www.chemweek.com/people_and_business/companies/15783.html
December 4, 2008
Sabic Slashing Production in Europe
Sabic Europe is operating polymer plants at reduced capacity because of a lack of demand, according to company officials. "One of our three crackers--a 600,000 m.t./year unit at...
http://www.chemweek.com/people_and_business/companies/15688.html
December 4, 2008
DuPont Cutting 2,500 Jobs; Sees Fourth Quarter Loss
DuPont says it will cut approximately 2,500 employees and temporarily idle over 100 sites in order to address current market challenges and focus on maximizing cash flow. “We...
http://www.chemweek.com/people_and_business/companies/15691.html
December 3, 2008
GPCA 2008: Major Challenges Lie Ahead
Chemical manufacturers are facing severe external challenges, “more so than anytime I can recall,” says Mohamed H. Al-Mady, chairman of the Gulf Petrochemicals and...
http://www.chemweek.com/people_and_business/companies/15671.html
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