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LyondellBasell’s U.S. Operations and one of its European Holding Companies File Chapter 11 to Restructure Balance Sheet
(09 Jan 2009)
Company Has Commitment for Significant DIP Financing Including $3.25 Billion of New Funding
LyondellBasell Industries announced that, in order to facilitate a restructuring of its debts, its U.S. operations and one of its European holding companies have voluntarily filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code. The ......
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Arkema increases its plan to reduce costs
(19 Dec 2008)
The quick deterioration of the economic environment and the significant destocking effect observed since mid-October have sharpened. Since the end of November, orders have been cancelled by customers especially in the automotive and ......
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DSM announces actions to strengthen its competitive position
(17 Dec 2008)
Royal DSM N.V. announced actions to strengthen its competitive position. These actions are expected to deliver structural cost savings of up to EUR 100 million per year by 2010. In addition, DSM is also taking a number of measures to address ......
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Huntsman Terminates Merger Agreement and Settles With Hexion and Apollo for $1 Billion
(16 Dec 2008)
Huntsman continues multi-billion dollar Texas lawsuit against Credit Suisse and Deutsche Bank
Huntsman Corporationy announced it has terminated its Merger Agreement with Hexion Specialty Chemicals, Inc.. In addition, Huntsman announced that it reached an agreement with Hexion, Apollo Management, L.P. and certain of its affiliates to ......
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DuPont Takes Aggressive Actions to Strengthen Competitiveness and Increase Cash Flow
(09 Dec 2008)
DuPont announced further actions to address current market challenges and strengthen the company’s competitiveness in 2009, including continued focus on maximizing cash flow, and provided earnings guidance for the fourth quarter 2008 and the ......
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ALTANA's Management and Supervisory Boards recommend acceptance of SKion offer
(03 Dec 2008)
The Management Board and Supervisory Board of ALTANA AG support the offer of SKion GmbH to acquire further shares of the company for a price of €13.00 per share and recommend that shareholders accept the offer. Both bodies of the company have ......
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$8 million raised for Fluorotechnics IPO
(28 Oct 2008)
Investment merit prevails in pessimistic market
Fluorotechnics Limited has successfully closed its initial public offering (IPO) raising nearly $8 million. The company comfortably passed its minimum $6 million target. Fluorotechnics has been supported by institutional investors from Asia, ......
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Kemira sets over EUR 20 million savings target in Finland
(05 Aug 2008)
Kemira has launched a group-wide global savings program to improve the profitability. Kemira aims to save more than EUR 50 million per annum, of which more than EUR 20 million is planned to come from Kemira's Finnish operations. Cost-reduction ......
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Kemira and European Investment Bank (EIB) signed EUR 100 million research and development loan agreement
(10 Jun 2008)
Kemira Oyj and the European Investment Bank (EIB) have signed today on June 6, 2008, a EUR 100 million 12-year research and development loan agreement. Loan can be raised within 18 months after signing. The European Investment Bank has ......
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Brenntag reports record results for 2007
(03 Apr 2008)
Brenntag finished 2007 with record results. With an increase of 9%, the company's 2007 revenues climbed to EUR 6.7 billion (US$ 9.1 billion). Earnings before interest, taxes, depreciation and amortization (operating EBITDA) increased by 14%. ......
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