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Companies

12.12.2008 VINK  Acquisition by Edmundson Distribution

11.12.2008 DOW  Permanent workforce to be cut by 11% / Plans to close 20 plants and idle 180 / “Non-strategic” businesses will be divested

11.12.2008 BTV PLAST  Takeover by private equity investor Benson Oak

11.12.2008 GREINER  Positive results expected for 2008 / Headcount adjustments complete / Short-time working at Eurofoam in 2009

11.12.2008 RENOLIT  Takeover of Russian sales agency

10.12.2008 DECEUNINCK  Capital increase planned / CEO says company could report a loss due to exchange rate movements

10.12.2008 RANGER  French injection moulder slashes 80 jobs

10.12.2008 PLASTIC ENGINEERING ASSOCIATES  European licence for "Turbo-Screws" PLA foam production technology

10.12.2008 K.D. FEDDERSEN  Northern Europe expansion continues after Swedish buy

09.12.2008 MAGNA  Closure of manufacturing units in Canada / About 1,110 jobs affected

09.12.2008 DUPONT  Downturn in construction and auto sectors leads to 2,500 job cuts / Loss predicted for fourth quarter

09.12.2008 OLTCHIM  Privatisation on ice for now / Bailout package to be presented to EU / Acquisition of Arpechim moving ahead

08.12.2008 EMS  PA producer extends Christmas break to mid-January / Slump in consumer spending has “historic proportions”

08.12.2008 STANKIEWICZ  Agreement on concept to continue the business / Gilde to contribute financially to rescue plan

08.12.2008 VICTREX  Profit warning issued / Massive decline in orders in November / No improvement expected in December

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