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Published April 14, 2009
RPM’s net sales of $635.4 million were down 13.2% from the $731.8 million reported a year ago. The net loss for the third quarter was $30.9 million compared to record net income of $12.2 million earned in the year-ago period. “Sales refl… Read More »
Published March 12, 2009
Dow to Close LDPE Plant in Freeport, TX Driven by current economic conditions and overcapacity for low density polyethylene (LDPE) in the North… Read More »
Published March 12, 2009
Bayer Reduces Work Time Bayer MaterialScience, in an effort to offset the effects of the financial crisis, has temporarily lowered the company’s work time by 6.7% with corresponding reductions in salaries for non-managerial employees.… Read More »
Published March 12, 2009
Wacker Polymers extends its vinnapas and vinnol portfolio Wacker Polymers changed the name of its Airflex, Flexbond, Flexcryl and Vinac products. All vinyl acetate homopolymer, vinyl acetate-ethylene and acrylic copolymer grades will be known as Vian… Read More »
Published March 12, 2009
Huntsman CUts Workforce, Closes titanium dioxide plant Huntsman Corp. has recently enacted a company-wide initiative to reduce costs across its division and functions, which will eliminate 117 jobs by year-end, or nine percent of its workforce. Full… Read More »
Published March 12, 2009
Evonik Registers Synthetic Amorphous Silica In compliance with the new EU REACH chemicals regulation, Evonik Industries has successfully registered synthetic amorphous silica with the European Chemicals Agency in Helsinki. This authorizes the compan… Read More »
Published March 12, 2009
Inksolutions to sell and distribute Synkoloid/Muralo Brands of products Effective Feb. 1, 2009, Inksolutions LLC has been awarded the license to sell and distribute the Synkoloid and Muralo brands of products West of the Rockies, in Western Canada a… Read More »
Published March 12, 2009
Univar’s site U+ Certified Univar recently announced that its Brussels site has attained full compliance with its stringent U+ standards. Launched in 2006, U+ is a goal-based combined management system that requires each site to continually imp… Read More »
Published March 12, 2009
CAS-MI LABORATORIES LAUNCHES INNOVATION CENTER CAS-MI Laboratories has opened its CAS-MI Innovation Center, an incubator for new industrial and consumer formulated products, including paints, coatings, plastics, adhesives and more. The scientists at… Read More »
Published March 12, 2009
Clariant, Xl Performance Chemicals form alliance Clariant’s Functional Chemicals Division and Dalton, GA-based XL Performance Chemicals have formed an alliance to serve the $2.3 billion worldwide foam-control market. In the initial phase of the… Read More »
Published March 12, 2009
Rohm & Haas is suing Dow Chemical in a Delaware court for failing to complete the agreed $15.4 billion takeover within the agreed time frame. After receiving the green light from the U.S. Federal Trade Commission (FTC) on January 23, 2009, Dow wa… Read More »
Published March 12, 2009
Valspar’s 1Q sales drop 16% First-quarter sales at Valspar dropped 16.4% from the same period last year to $639.5 million. Net income for the first quarter of 2009 dropped to $14.2 million from $24 million the year before. Excluding non-cash ad… Read More »
Published March 12, 2009
RPM’s income drops 23% in 2Q RPM International’s sales of $890 million for second quarter of fiscal 2009 were down 1.7% from the $905.7 million reported a year ago. Net income for the quarter decreased 23.9%, to $41.7 million from $54.9 m… Read More »
Published March 12, 2009
AkzoNobel reported a €1.52 billion ($1.93 billion) loss for the fourth quarter, due mostly to writedowns on the value of Imperial Chemical Industries (ICI), which it bought last year and was hit hard by the global economic downturn. The loss com… Read More »
Published March 12, 2009
H.B. Fuller opens Asia Pacific technology center H.B. Fuller Company has opened a new technical center in Shanghai Zhangjiang Hi-Tech Park, China. The new lab, part of the company’s five-year strategic plan, is the company’s first region… Read More »
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