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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
November 11, 2008
A swoon in chemical demand and prices over the past month, particularly across Asia, has created a distinctly different market environment and industry outlook from what existed in the...
http://www.chemweek.com/sections/top_of_the_week/Sharp-Demand-and-Price-Declines-Cloud-Outlook_15222.html
November 11, 2008
Koch Industries’ Flint Hills Resources unit says it will shut its Odessa, TX olefins and polymers facility during first-half 2009 and shift polypropylene (PP) production to other...
http://www.chemweek.com/sections/top_of_the_week/Flint-Hills-to-Shut-Odessa-Site-Exit-PE-and-APAO-Markets_15223.html
October 27, 2008
Basic and diversified chemical makers meet or beat third-quarter earnings expectations but most sought to lower expectations for the fourth-quarter and 2009 following the sharp...
http://www.chemweek.com/sections/top_of_the_week/Earnings-Meet-Expectations-but-Outlook-is-Cautious_14970.html
October 20, 2008
Chemical makers have not been immune to the effects of the tumultuous past few weeks in the finance market. That had lead industry analysts to reduce industry growth and earnings...
http://www.chemweek.com/sections/top_of_the_week/Financial-Crisis-to-Pressure-Volumes-Margins-into-2009_14831.html
October 20, 2008
Ineos has declined to comment on U.K. press reports that it is considering plans to sell some assets to reduce debt. A recent report in the Sunday Telegraph, quoting sources...
http://www.chemweek.com/sections/top_of_the_week/Ineos-Planning-to-Sell-Assets_14832.html
October 20, 2008
Apollo Management (New York) has agreed to contribute $540 million to its Hexion Specialty Chemicals unit to assist in closing Hexion’s acquisition of Huntsman. Hexion says it...
http://www.chemweek.com/sections/top_of_the_week/Apollo-to-Provide-$540-Million-to-Help-Hexion-Fund-Huntsman-Deal_14833.html
October 20, 2008
Attorneys General (AG) from Connecticut, Delaware, and New Jersey have asked 11 manufacturers of baby bottles and infant formula to stop using bisphenol A (BPA). The FDA has so far...
http://www.chemweek.com/sections/top_of_the_week/States-Ask-Baby-Product-Retailers-to-Stop-Using-BPA-Lawmakers-Question-FDA-Official_14834.html
October 20, 2008
EPA has revised its definition of solid waste (DSW) to allow more recycling of certain secondary hazardous wastes including solvents, a decision that will allow specialty batch...
http://www.chemweek.com/sections/top_of_the_week/Socma-Wins-Long-Battle-for-Changes-to-EPA-Waste-Rule_14835.html
October 3, 2008
AkzoNobel has announced a range of operational targets designed to make the company more profitable and efficient following the recent divestment of its pharmaceutical business and...
http://www.chemweek.com/sections/top_of_the_week/AkzoNobel-Sets-New-Targets-Nears-Food-Starches-Sale_14604.html
October 3, 2008
Private equity firm Arsenal Capital Partners (New York) says it has signed a definitive agreement to acquire Ferro’s fine chemicals business, a leading producer of electrolytes...
http://www.chemweek.com/sections/top_of_the_week/Arsenal-to-Acquire-Ferros-Fine-Chemicals-Business_14605.html
September 26, 2008
DuPont has named Ellen J. Kullman as president and a director beginning October 1 and as CEO starting January 1, 2009. Chad Holliday, chairman and CEO, will serve as chairman and...
http://www.chemweek.com/sections/top_of_the_week/DuPont-Names-Kullman-as-Next-CEO_14450.html
September 26, 2008
PPG Industries says it will close several Canadian, European, and U.S. manufacturing units as part of a reorganization plan that is expected to yield about $100 million in pretax...
http://www.chemweek.com/sections/top_of_the_week/PPG-to-Close-Several-Coatings-and-Glass-Plants_14451.html
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