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Polymer Materials

04.03.2009 BAYER  Profits of MaterialScience plunge 85% in Q4 2008 / PC capacity use down by half, with six plants mothballed / No short term recovery expected

26.02.2009 EVONIK  Expanding capacity for high-performance polyamides in Witten

25.02.2009 NOVA CHEMICALS  Abu Dhabi state investment firm IPIC in USD 2.3 bn friendly takeover bid / Deal includes credit backstop

20.02.2009 SASOL-HUNTSMAN  Financing for maleic anhydride expansion secured

20.02.2009 PETROCHEMICAL MARKETS  Start up of delayed Saudi Arabian petrochemicals project set for end of March / Cracker and PE units

19.02.2009 DUPONT  “Vespel” distribution switches in Germany and UK

18.02.2009 VICTREX  Business to be divided into two divisions / Signs of volume sales improvement in January

17.02.2009 INEOS VINYLS ITALIA  Minister saves PVC deal between Ineos and Safi / Last-minute reprieve for Italian petchems sector

17.02.2009 VIETNAM  Plastics production in its infancy / Five major petchems complexes under construction or planned / Many small plastics converters / High energy and material consumption due to outdated machinery

17.02.2009 ARKEMA  Acquisition of PEKK specialist Oxford Performance Materials

16.02.2009 PETROBRAS  Rio de Janeiro petrochemicals project progressed

13.02.2009 ITALY  New round of talks on Ineos Vinyls Italia / Insolvency petition not yet filed / Minister Scajola intervenes

13.02.2009 DOW  LDPE line in Texas to be shut down

13.02.2009 HUNTSMAN  Work on European MDI plant stopped for now

12.02.2009 LYONDELLBASELL  LDPE plants in UK and France “temporarily” idled

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