DIC Executed the Agreements to Sell Reichhold's Formulated Adhesives Business

15-Mar-2002 - Research Triangle Park, NC, (March 12, 2002) - Reichhold, Inc. in conjunction with parent company, Dainippon Ink & Chemicals, Inc. (DIC) has agreed to complete the sale of the adhesives business to Forbo Holding AG (headquartered in Switzerland). The intent to sell was originally announced on ...

"Focus" and "Forward" initiatives to yield annual cost savings of €150 million

Net cash provided by operating activities raised to €520 million - strict cash management to be maintained

11-Mar-2002 - High special charges weigh on 2001 results - Claudio Sonder: "For 2002, we see no easy scenario. Nevertheless we are well prepared" Celanese AG net sales decreased by 2% to €5.1 billion in 2001, primarily as a result of lower volumes and lower selling prices. The volume decrease was particularly ...

Bayer's Supervisory Board announces top positions for the new Bayer Organization

Appointment of members of the Group Management Board of the holding company plus the heads of the new subgroups and service companies / Restructuring of the Bayer Group makes rapid progress

08-Mar-2002 - Leverkusen, March 7, 2002 - At its meeting on March 7, 2002, the Supervisory Board of Bayer AG made a number of decisions concerning the company's future top management. Klaus Kühn (50), currently Head of Finance, and Dr. Richard Pott (48), at present General Manager of the Specialty Products ...

Degussa to Launch New Corporate Campaign

06-Feb-2002 - Degussa AG, Germany's third-largest chemicals group and the world leader in specialty chemicals, has commissioned Aimaq, Rapp, Stolle, a Berlin advertising agency, to develop and implement a corporate branding campaign for print media. The decision was taken after holding an agency contest, in ...

Eastman to close Hong Kong plant

15-Jan-2002 - KINGSPORT, Tenn., Jan. 14, 2002 - Eastman Chemical Company (NYSE:EMN) today announced that it has closed its cGMP custom manufacturing facility in Hong Kong, China. The closure of this plant is a continuation of Eastman's previously announced strategy to restructure the fine chemicals ...

SGL CARBON GROUP Announces Restructuring

21-Dec-2001 - The SGL CARBON GROUP today announced the launch of a cost reduction and restructuring plan for its global graphite businesses. Its key purpose is to align the Company's structures and costs to increase efficiency and to respond to the ongoing globalization of the customer base. The development of ...

Knoll becomes Abbott

26-Nov-2001 - Entry in the Commercial Register on November 22 makes it official. As of today there is one Abbott affiliate in Germany with two sites: Ludwigshafen and Wiesbaden/Delkenheim. The name of the new company - entered in the Commercial Register in Wiesbaden - is Abbott GmbH & Co. KG. Having ...

Restructuring and production reductions in BASF's polystyrene foams

23-Nov-2001 - Due to the current market situation in the area of polystyrene foams, BASF will make capacity adjustments. Production of Styropor®, BASF's expandable polystyrene (EPS), is immediately being reduced by 25 percent at the Ludwigshafen site. This measure will not affect the numbers of employees and ...

Isola Streamlines Production in the United States

01-Nov-2001 - Isola AG, the leading maker of laminates for manufacturing circuit boards, is being obliged by the dramatic drop in demand to streamline its capacities and reorganize production in the United States as well. An increasing shift of circuit board orders to Asia, associated with temporary and ...

Degussa: Sale of Oncology Operations Now Complete

01-Nov-2001 - Following receipt of necessary competition clearance by the antitrust authorities, Degussa AG of Dusseldorf, Germany, has completed the sale of its ASTA Medica Onkology operations to the Baxter Group of the USA. Payment of the purchase price was effected today. Degussa announced the sale of ...