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Companies

19.01.2009 NOVA CHEMICALS  Further reorganisation will bring up to 600 job losses / Greater focus on the olefins/polyolefins

19.01.2009 DECEUNINCK  Fourth quarter 2008 sales hit as recession bites

19.01.2009 WOCO  Automotive supplier cuts working hours and pay by 20% / Agreement will run to June

19.01.2009 TEXAS PETROCHEMICALS  Plants idled as C4 and butadiene demand falls

19.01.2009 AUTOMOTIVE  German and US alliances target lithium ion battery technology / Efforts to reduce dependence on Asian producers

16.01.2009 INDIA  Linde consortium wins EUR 1.03 bn contract to build a turnkey ethylene plant

16.01.2009 THOMPSON PLASTICS  Three group companies in administration / Two have closed, another is for sale / Two further companies operating normally

16.01.2009 DOW  Sale of thermoplastic PU business to Lubrizol

16.01.2009 A. SCHULMAN  Net profit falls 18% in fiscal Q1 2009 / Drop in demand “unprecedented”

16.01.2009 PERLOS  Hungarian injection moulding plant to close by June / Mobile phone demand weak / Service units to stay

15.01.2009 BRASKEM  Withdrawal from PET business / Production on a competitive basis is no longer viable

14.01.2009 TRONOX  Chapter 11 filing in the US / Credit crunch and environmental liabilities / Overseas assets unaffected

14.01.2009 SPOLCHEMIE  Takeover of Hexion epoxy resins laid to rest / “Well placed to weather the financial crisis”

14.01.2009 FANUC ROBOSHOT  Mitsui's stake in joint venture acquired

13.01.2009 CONSTAR  Filing for Chapter 11 reorganisation / Plan for restructuring agreed with shareholder majority

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