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Polymer Materials

04.02.2009 ALBEMARLE  Economic crisis brings USD 17.6m loss in Q4 2008

03.02.2009 CABOT  Additive producer responds to falling demand / Plant closures in Europe / Short-time working in Germany

03.02.2009 INVISTA TEXTILES  UK nylon plant to close with loss of 300 jobs

03.02.2009 SNEP  Arkema process selected for Morocco PVC plant

02.02.2009 LANXESS  Non-managerial employees face reduced working hours and pay cut / Bonuses cancelled and executive pay frozen

02.02.2009 BAYER MATERIALSCIENCE  Work week in Germany reduced to 35 hours as demand slump continues / Pay cut for workers / Managers forfeit raises

30.01.2009 DOW  Delaware court sets 9 March trial date in takeover dispute / Moody's urges formal delay agreement

30.01.2009 CHEMTURA  Executive committee created / Business realignment

30.01.2009 CELANESE  French and Mexican VAM plant closures assessed

30.01.2009 BORSODCHEM  Major Hungarian TDI expansion may be delayed

29.01.2009 CLARIANT  Another 1,000 jobs to go as downsizing continues / “Dramatic deterioration of demand” in Q4 2008

28.01.2009 DOW  Rohm & Haas seeks USD 15 bn for breach of contract / Kuwait deal collapse cited for takeover delay

28.01.2009 HUNTSMAN  Over 1,600 jobs will go in cost cutting initiative / All divisions affected / Capital spending cut 45%

28.01.2009 A. SCHULMAN  Distribution pact with Cereplast for bioresins / “Accelerate adoption in Europe”

28.01.2009 BOREALIS  “Mobility” unit established to serve auto sector

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