Hexion Specialty Chemicals Inc. has announced that on December 13, 2008, Huntsman Corp. terminated the proposed merger between Huntsman and Hexion. On December 14, Hexion entered into a settlement agreement
The Dow Chemical Co. has announced a series of aggressive actions to accelerate its transformational strategy in light of current economic realities. Dow’s transformation to a lean Corporate Center, a
Purchasing managers survey shows overall economy in contraction for second straight month. For the full article, visit money.cnn.com/2008/12/01/news/economy/ISM_November/index.htm?postversion=2008120111.
BASF has announced it is taking measures to avoid the creation of overcapacities as a result of a massive decline in demand. The company is temporarily shutting down around 80
Brookfield Engineering, Middleboro, MA, has announced the acquisition of RheoTec Messtechnik GmbH of Dresden, Germany. Brookfield and RheoTec have been partners for the past 10 years in the sale of
The specialty chemicals group ALTANA has signed a contract to acquire Dick Peters B.V., a Dutch manufacturer of wax additives. Located in Denekamp, the Netherlands, Dick Peters B.V. is a
Henkel UK Limited has announced plans to close its Newark site with the potential loss of up to 35 jobs. The company has undertaken a strategic review of some of
Ashland Inc., Covington, KY, has announced the completion of its acquisition of Hercules Inc., Wilmington, DE. Each share of Hercules common stock outstanding was exchanged for $18.60 in cash and
Bayer MaterialScience has lifted force majeure for most of the products manufactured at its facility in Baytown, TX. Effective Nov. 14, there are no longer any restrictions on the company’s
Wacker Chemie AG, Munich, Germany, and its North American headquarters, Wacker Chemical Corporation, Adrian, MI, have released details about the construction of a new 67,000 sq. ft. WACKER POLYMERS AMERICA
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