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Polymer Materials

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

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

08.12.2008 RHODIA  R&D centre opens in Shanghai / Engineering plastics a focus

04.12.2008 DOW  Joint venture with Kuwait is finalised / K-Dow to start up in January / PET and EG business included

03.12.2008 ARKEMA  Restructuring of vinyls chain continuing / Two French sites targeted / Nearly 170 jobs on the line

03.12.2008 EVONIK  New PMMA moulding compounds plant starts in China / First unit of EUR 250m methacrylates complex

02.12.2008 SABIC  Plans for Saudi elastomers jv with ExxonMobil progressing / More economic feasibility studies

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