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Polymer Materials

01.12.2008 POLIMERI EUROPA  Entire petrochemicals complex in Sardinia to go offline for two months / Cracker, HDPE, chlorine chain and aromatics affected / Phenol chain down for all of 2009

01.12.2008 SOLUTIA  Restructuring of PA 6.6 business stepped up to aid sale plans / Capacity and job cuts / Decline in demand

28.11.2008 ROMPETROL  Polyethylene production reduced by 55% for two months / Nearly a quarter of the workforce to be temporarily laid off

28.11.2008 EVONIK  PMI rigid foam plant comes on stream in US

27.11.2008 DOW  Renegotiation of polyolefins jv with Kuwait? / Financial crisis pressures Dow share price

27.11.2008 SABIC  Cracker in Geleen stays offline

26.11.2008 ARKEMA  Production cutbacks for PA, PMMA and PVC

25.11.2008 CHEMSON POLYMER-ADDITIVE  Plant closures in Düren and Schmidtheim / Capacity to be relocated to other sites

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

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”

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