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Companies

24.11.2008 BAYER MATERIALSCIENCE  Idling of up to 25% of PC capacity

24.11.2008 LYONDELLBASELL  Demand crisis forces wide-sweeping cost control measures / Plant closures and job cuts / Liquidity tight through Q1 2009

24.11.2008 BASF  “Definitive final result” shows Ciba stake at almost 95%

24.11.2008 ARKEMA  Operating profits up 5.5% in third quarter 2008

21.11.2008 LA SEDA  Financing obtained for Portuguese PTA plant / Interquisa acquisition finally falls through

21.11.2008 ALPHACAN  Sanitary and heating pipes business divested

21.11.2008 GLAXOSMITHKLINE  Nutritional healthcare bottles to be made on site

20.11.2008 BASF  “Massive decline in demand” prompts capacity cuts, plant shutdowns / Some 180 units affected / Preparing for “tough times”

20.11.2008 INEOS  Waiver of debt covenants sought as demand crashes / Debts four times EBITA / Crotty “battening down the hatches”

20.11.2008 ALBIS PLASTIC  New distributor for BASF polymers in Benelux and France

20.11.2008 ARKEMA  PVC technology agreement with Aker Solutions

19.11.2008 GEIGER TECHNOLOGIES  Application filed for insolvency / Sintex reported to have missed EUR 3.2m payments

19.11.2008 PETROCHEMICAL MARKETS  Bayer MaterialScience: Force majeure for PU components in North America lifted

19.11.2008 BASF  Ciba stake of 94.6% nailed down / Final result this week

19.11.2008 BOREALIS  “Lupotech T” specified for 350,000 t/y LDPE plant

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