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March 2, 2009
AkzoNobel reported a net loss of €1.5 billion ($1.9 billion) for the fourth quarter of 2008, compared with a €56-million profit in the year-earlier period. The loss includes...
http://www.chemweek.com/sections/top_of_the_week/AkzoNobel-Writes-Down-Former-ICI-Assets-Posts-a-Big-Fourth-Quarter-Net-Loss_17297.html
February 23, 2009
Dow Chemical last week slashed its quarterly dividend, permanently shut a Texas polyolefins site, and scaled back plans for projects in the U.S. and South America. Dow’s...
http://www.chemweek.com/sections/top_of_the_week/Dow-Slashes-Dividend-Scales-Back-Expansion-Plans_17150.html
February 23, 2009
Total’s chemical business posted a more than doubling in adjusted net profits for the fourth quarter of 2008, to €177 million ($228 million), compared with the year-earlier...
http://www.chemweek.com/sections/top_of_the_week/Economic-Woes-Impact-European-Companies-Earnings_17151.html
February 9, 2009
Dow Chemical posted a fourth-quarter net loss of $1.56 billion as the global economic slowdown and inventory depletion across nearly all product chains fueled a 17% decline in...
http://www.chemweek.com/sections/top_of_the_week/Dow-Posts-Sharp-Loss-Lays-Out-Defense-in-R-and-H-Case_16901.html
January 26, 2009
BASF says that demand for its products in all regions did not pick up in the first half of January and that customers are continuing to destock. The company says it will, as a result...
http://www.chemweek.com/sections/top_of_the_week/BASF-Cuts-Staff-Hours-at-Several-Sites-in-Europe-as-Business-Slumps_16625.html
January 23, 2009
CF Industries (Deerfield, IL) has made an unsolicited bid to acquire Terra Industries for $2.1 billion in stock. The acquisition “would create a leader in the global fertilizer...
http://www.chemweek.com/sections/top_of_the_week/CF-Industries-Launches-Unsolicited-Bid-to-Buy-Terra_16626.html
January 16, 2009
The U.S. Climate Action Partnership (USCAP; Washington), a coalition including Dow Chemical and DuPont as well as environmental groups, has released a detailed plan for curbing climate...
http://www.chemweek.com/sections/top_of_the_week/USCAP-Offers-Congress-a-Blueprint-for-Climate-Action_16484.html
January 16, 2009
Tronox says it has filed for Chapter 11 bankruptcy protection for its U.S. operations, citing a need for relief from legacy environmental liabilities. Most of the liabilities are not...
http://www.chemweek.com/sections/top_of_the_week/Tronox-Files-for-Chapter-11-Bankruptcy-Protection_16485.html
January 13, 2009
Mosaic and Monsanto beat analysts’ expectations for the quarter ended November 30, 2008, as each firms’ earnings more than doubled from the same year-ago quarter. However...
http://www.chemweek.com/sections/top_of_the_week/Earnings-Mixed-at-AgChem-firms_16265.html
January 13, 2009
LyondellBasell Industries’ U.S. operations and one of its European holding companies filed for Chapter 11 bankruptcy protection last week, after ongoing negotiations with lenders...
http://www.chemweek.com/sections/top_of_the_week/LyondellBasells-U-S-Unit-Files-for-Bankruptcy-Protection_16266.html
December 22, 2008
Hemlock Semiconductor (Hemlock, MI), Dow Corning’s majority-owned joint venture, says it will invest up to $3 billion to boost polysilicon production for solar power...
http://www.chemweek.com/sections/top_of_the_week/Dow-Corning-Hemlock-to-Invest-$3-Billion-in-Polysilicon_16004.html
December 22, 2008
European Union (EU) leaders meeting in Brussels have unanimously agreed to cut EU greenhouse gas (GHG) emissions 20% below 1990 levels by 2020. Members of the EU Parliament have also...
http://www.chemweek.com/sections/top_of_the_week/EU-Signs-Climate-Agreement-Makes-Concessions-to-Industry_16005.html
December 15, 2008
Dow Chemical says it will eliminate 5,000 full-time jobs, 11% of its global workforce, close 20 facilities in high-cost locations, and divest several businesses. The program targets...
http://www.chemweek.com/sections/top_of_the_week/Dow-to-Cut-11-percent-of-Workforce-Shut-or-Idle-200-Plants_15859.html
December 15, 2008
Chemtura has named Craig Rogerson as chairman and CEO, replacing Robert Wood who resigned for personal reasons, the company says. Rogerson had served as president and CEO of Hercules...
http://www.chemweek.com/sections/top_of_the_week/Chemtura-Names-Craig-Rogerson-as-CEO_15860.html
December 8, 2008
DuPont says it will cut about 2,500 jobs and temporarily idle more than 100 sites to address current market challenges and focus on maximizing cash flow. “We must get our cost...
http://www.chemweek.com/sections/top_of_the_week/DuPont-Cutting-2500-Jobs-Expects-Fourth-Quarter-Loss_15724.html
December 8, 2008
ACC’s outlook for next year shows a raft of financial and political challenges for producers in the U.S. and overseas. ACC says it will contend with a new administration in...
http://www.chemweek.com/sections/top_of_the_week/ACC-Year-Ahead-Presents-Financial-Political-Challenges_15725.html
December 1, 2008
Dow Chemical says a binding joint venture agreement has been signed for the formation of K-Dow, the company's planned 50-50 petrochemical joint venture with Kuwait’s...
http://www.chemweek.com/sections/top_of_the_week/Dow-Kuwait-Renegotiate-Terms-of-K-Dow-Sign-Binding-Agreement_15635.html
November 21, 2008
BASF says it is temporarily shutting down 80 plants worldwide and reducing production at a further 100 as it grapples with a “massive decline in demand in key industries.”...
http://www.chemweek.com/sections/top_of_the_week/BASF-to-Shutter-or-Scale-Back-180-Plants-as-Demand-Shrinks_15516.html
November 18, 2008
Mitsubishi Rayon has confirmed CW’s recent report that the company will acquire Lucite International (Southampton, U.K.) (CW, Nov. 3/10, p. 6). Mitsubishi Rayon has agreed with...
http://www.chemweek.com/sections/top_of_the_week/Mitsubishi-Rayon-Buys-Lucite-to-Become-Leader-in-MMA_15373.html
November 18, 2008
Dow Chemical has named Rohm and Haas (R&H) president and COO Pierre Brondeau as head of Rohm and Haas Advanced Materials, which will become a division of Dow following its pending...
http://www.chemweek.com/sections/top_of_the_week/Dow-Names-Leadership-Team-for-Rohm-and-Haas-Division_15374.html
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