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Chemical Week :: People & Business :: Companies
Chemical Week
- Kemira Plans Capacity Cuts and Site Closures
Kemira says it will reduce capacity and close sites making polymers for paper chemicals under a new restructuring program designed to save an annualized €10 million ($13.4... - Evonik Slims Down its Board of Management
Evonik Industries says that the size of its exceutive board will from January 1, 2009 be reduced from seven members, to three. The downsized board will comprise Klaus Engel, who succeeds Werner... - Lanxess Plans Production Cutbacks and Plant Shutdowns
Lanxess says it has reached an agreement with empolyee represenatives on temporary production cutbacks and plant shutdowns over the holiday season and into January 2009. The measures will affect... - Shin-Etsu Chemical Issues Profits Warning
Full-year earnings and sales will be lower than previously forecast.... - Merck KGaA to Idle "Several" Production Plants
Merck KGaA (Darmstadt, Germany) plans to halt production at “several” of its production plants in the coming weeks due to a sharp drop off in demand for its products that are used by... - Eastman Slashes Labor Costs, Capital Expenditures in 2009
Eastman Chemical says it will reduce costs by more than $80 million in 2009 through the elimination of 40 positions, wage freezes, elimination of overtime, and changes to the company’s... - Arkema and DSM Downgrade Profit Forecasts, Reduce Costs in Response to Tough Trading Environment
Arkema and DSM have each lowered their 2008 profit forecasts and announced further cost-cutting measures in response to the tougher trading environment. Arkema says it has been hurt by... - Kemira Buys Slovakian Paints Firm
Kemira’s paints and coatings business Tikkurila says it has agreed to acquire sales company Finncolor Slovakia (Martin, Slovakia). Tikkurila says it has agreed to acquire 100% of the... - Hovione to Buy Irish Pharma Ingredients Site from Pfizer
Privately owned pharmaceutical ingredients manufacturer Hovione (Loures, Portugal) says it has agreed to buy Pfizer’s multipurpose active pharma ingredients (API) plant at Loughbeg... - Sabic Innovative Plastics to Cut 10% of Workforce
Sabic Innovative Plastics says it will eliminate nearly 10% of the company’s global workforce due to the current economic downturn. Approximately 1,000 of Sabic-IP’s 10,500 employees...