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Polymer Materials

05.01.2009 DOW  Kuwaiti joint venture collapses / Declining oil revenues and credit crunch / Rohm and Haas shaky?

05.01.2009 LYONDELLBASELL  Start-up of PP compounding plant in China / Saudi plant onstream in 2009

05.01.2009 WESTLAKE CHEMICAL  Ethylene plant idled due to falling demand

23.12.2008 EQUISTAR  Second Texas olefins unit temporarily idled

19.12.2008 PETROCHEMICAL MARKETS  Qapco and Honam project delayed

18.12.2008 PPG  Euroresins appointed pan-European distributor

18.12.2008 SHELL  Cracker at Moerdijk is up and running again

16.12.2008 HUNTSMAN  Hexion merger plans “buried” for USD 1 bn in compensation / Out-of-court settlement / Billion-dollar litigation with banks still in play

16.12.2008 DOW  Three plants at Terneuzen to close in restructuring plan

16.12.2008 A. SCHULMAN  Job cuts in North America and Europe / Production capacity scaled back / Profits forecast downgraded

16.12.2008 BAYER MATERIALSCIENCE  Short-time working and more plant shutdowns / Slight revival in PU orders

15.12.2008 SABIC INNOVATIVE PLASTICS  Plans to slash jobs in Europe / Talks with the workforce

12.12.2008 CLARIANT  Capacity cutbacks planned / Wage freeze in Switzerland / Short-time working in Germany

12.12.2008 INEOS  Lenders approve request for debt covenant waiver

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

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