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Companies

26.03.2009 LYONDELLBASELL  Chocolate Bayou olefins complex to close permanently / Reduced demand and high costs cited

26.03.2009 FÆRCH PLAST  New management approach required during downturn / CEO retires after net loss in 2008

25.03.2009 REHAU  More redundancies at UK manufacturing site / Continuing fall in demand for window and door systems

25.03.2009 ARBURG  Double-digit fall in sales in 2008 / Short-time working since February / Turnover down 50% at the beginning of 2009

25.03.2009 SABIC  Logistics centre opened in Greece

24.03.2009 ARMANDO ALVAREZ  Film lines ordered from Gloucester Engineering

24.03.2009 MEA  Spanish company Celo takes majority stake in wall plug production

24.03.2009 EXXONMOBIL CHEMICAL  Technology centre to be built in Shanghai

23.03.2009 SABIC EUROPE  Closure of LDPE autoclave unit at Geleen this year

23.03.2009 TESSENDERLO  Strength in chemicals business / Construction slump hits plastics converting in Europe and US

23.03.2009 MÄRKLIN  Nearly 400 jobs to go at insolvent model railroad maker / Restructuring targets break-even in 2009

23.03.2009 PLASTAL  All six Plastal plants in Germany operating normally / Financing plan developed / Sale process has begun

20.03.2009 CHEMTURA  US additives producer in Chapter 11 / European assets unaffected / Order volume down “markedly”

20.03.2009 LANXESS  Earnings in 2008 stable despite weak Q4 / Performance Polymers hit by crisis / Expansion projects on ice

20.03.2009 KRAUSSMAFFEI  Cutting 200 jobs in Munich / Extending short-time working / Sales down year-on-year

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