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Companies

04.08.2009 REXAM  Downturn in plastic packaging / Lids and personal care markets suffer / First half 2009 group profits reduced despite strong cash flow

04.08.2009 CLONDALKIN  Film producer Cleveland Plastics purchased / Fourth acquisition continues expansion in North America

03.08.2009 BORSODCHEM  State aid for chemicals group

03.08.2009 WOLF-GARTEN  MTD to acquire insolvent German garden tool producer / Future of plastics processing unclear

03.08.2009 LIFOCOLOR  French capacity more than doubled / Masterbatch producer moves to larger site at Bellignat

31.07.2009 BAYER MATERIALSCIENCE  US plants to close / Falls in sales and profits in Q2 2009 / Restructuring programme accelerated

31.07.2009 BASF  Plastics EBIT halved in Q2 / Ludwigshafen cracker restart not in sight / “Committed” to China MDI

31.07.2009 ARKEMA  Velox appointed European distributor for multiwall carbon nanotubes

30.07.2009 TREOFAN  Financial restructuring agreement reached / Debt for equity deal to close by the end of October 2009

30.07.2009 LA SEDA  Subsidiary Artenius UK insolvent / Buyer sought for PET production / Half of site's employees redundant

30.07.2009 ENGEL  Financing models to support customers' investments

29.07.2009 LA SEDA  Plants to be shut or sold in restructuring scheme / Some 300 job losses / Tightening the production chain

29.07.2009 SABIC  Price declines lead to 94% fall in first half 2009 net income / Profit turnaround in second quarter

29.07.2009 HAPPICH  Commercial vehicle component supplier files for insolvency / Italian group companies unaffected

28.07.2009 LYONDELLBASELL  Creditors sue owner, execs and lenders / Charges of fraud in 2007 merger / Potter named new CFO

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