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Companies

07.05.2009 TESSENDERLO  French compounding company Saplast to close / Group reports very poor Q1

06.05.2009 QUADRANT  Directors and Mitsuibishi make takeover offer / Shareholder opposition / Negative earnings in Q1

06.05.2009 TREOFAN  Financial restructuring takes step forward / Debt for equity deal receives 86% stakeholder support

05.05.2009 EMS  PA specialist reports sharp drop in sales

05.05.2009 SIMONA  Group aims to get through the crisis without job cuts / 2008 was stable / Sales expected to dip 30% in 2009 / Russian project postponed

05.05.2009 HSV  New production plant for moulded EPS parts in Poland

05.05.2009 VITA GROUP  Approval for financial restructuring / Debt for equity swap

04.05.2009 POLYTEC  Rescue package could split up group / Pierer to take over Peguform / Huemer to run the original Polytec

04.05.2009 BASF  EBIT sinks 58% in Q1 2009 / Hambrecht sees no improvement this year / More capacity and job cuts

04.05.2009 RÖCHLING  Eppingen injection moulding plant to be closed

04.05.2009 SOLVAY  Bioethanol plant to provide PVC feedstock in Brazil / “Green” plastics production will start in late 2010

04.05.2009 ENGEL  Capacity has to be cut by a fifth / Austrian model combining skills enhancement and training leave

30.04.2009 BAYER MATERIALSCIENCE  Loss of EUR 116m in Q1 2009 / Wenning says “signs of modest demand recovery” appearing

30.04.2009 UNYLON  PA producer insolvent / Price pressure blamed

30.04.2009 TEIJIN  Far-reaching restructuring following loss / Consolidating the PET film and PC facilities

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