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BUSINESS
March 21, 2001
* Champion Enterprises Inc., the biggest U.S. maker of manufactured homes, said it closed two plants and 30 sales centers as it reduces inventory. The Auburn Hills, Mich.-based company also said it expects to report a first-quarter loss of 40 to 45 cents a share, much deeper than the 30-cent loss analysts expected, with revenue down about 40%. * Rohm & Haas Co.
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BUSINESS
December 29, 2008 | TIMES WIRE SERVICES
Kuwait's government on Sunday scrapped a $17.4-billion joint venture with U.S. petrochemical giant Dow Chemical after criticism from lawmakers that could have led to a political crisis in this small, oil-rich state. The Cabinet, in a statement carried by the state-owned Kuwait News Agency, said the venture, known as K-Dow Petrochemicals, was "very risky" in light of the global financial crisis and low oil prices. The move came just days before the Jan. 1 start-up date for the joint venture.
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BUSINESS
December 22, 1998 | Bloomberg News
Rohm & Haas Co., a Philadelphia-based specialty chemicals maker, agreed to buy LeaRonal Inc. for $460 million to expand its production of high-profit materials used in printed-circuit boards and semiconductors. The $34-a-share offer represents a premium of about 27% over LeaRonal's Friday closing share price of $26.81. LeaRonal, based in Freeport, N.Y., makes products used in making semiconductor packaging, printed circuit boards, electronic connectors and metal plating.
BUSINESS
May 3, 2001 | Times Staff and Wire Reports
Rohm & Haas Co. will fire as many as 1,260 employees--including 100 in Orange County--to cut costs as the Philadelphia-based specialty chemicals maker tries to counter falling demand for its plastics and chemical products. The company, which makes paint additives and chemicals for electronics and owns Morton Salt, said the job cuts will apply across its businesses and reduce its 18,000-employee work force by 7%.
BUSINESS
May 3, 2001 | Times Staff and Wire Reports
Rohm & Haas Co. will fire as many as 1,260 employees--including 100 in Orange County--to cut costs as the Philadelphia-based specialty chemicals maker tries to counter falling demand for its plastics and chemical products. The company, which makes paint additives and chemicals for electronics and owns Morton Salt, said the job cuts will apply across its businesses and reduce its 18,000-employee work force by 7%.
BUSINESS
December 29, 2008 | TIMES WIRE SERVICES
Kuwait's government on Sunday scrapped a $17.4-billion joint venture with U.S. petrochemical giant Dow Chemical after criticism from lawmakers that could have led to a political crisis in this small, oil-rich state. The Cabinet, in a statement carried by the state-owned Kuwait News Agency, said the venture, known as K-Dow Petrochemicals, was "very risky" in light of the global financial crisis and low oil prices. The move came just days before the Jan. 1 start-up date for the joint venture.
BUSINESS
May 3, 2001 | From Times Staff and Wire Services
Rohm & Haas Co. will fire as many as 1,260 employees--including 100 in Orange County--to cut costs as the Philadelphia specialty chemicals maker tries to counter falling demand for its plastics and chemical products. The company, which makes paint additives and chemicals for electronics and also owns Morton Salt, said the job cuts will apply across its businesses and reduce its 18,000-employee work force by 7%.
BUSINESS
November 19, 1991 | PATRICK LEE and MICHAEL PARRISH, TIMES STAFF WRITERS
Unocal Corp. said Monday that it will announce this week layoffs at its headquarters office and has found a buyer for its polymer manufacturing plants--including two in California--as it continues to trim in hard economic times. Unocal's intention to sell the manufacturing group was announced last spring. Belt-tightening among the 920-employee Los Angeles headquarters staff was announced to workers in an Aug. 2 internal memo. Richard J.
BUSINESS
December 6, 1992
John T. Subak has been elected a director of Newport Corp., an Irvine manufacturer of laboratory equipment, filling a vacant seat on the company's seven-member board. Since 1976, he has served as group vice president, general counsel and director of Rohm & Haas Co. Before joining Rohm & Haas, Subak was a partner with the law firm of Dechert Price & Rhoads in Philadelphia.
BUSINESS
March 10, 2009 | Times Wire Reports
Dow Chemical Co. reached a tentative deal to complete its disputed $15-billion buyout of Rohm & Haas Co. The combined company will shed more jobs than originally planned and freeze salaries this year. Rohm & Haas shareholders will still get $78 a share but not all of it in cash, a concession that allows Dow to take on billions less in debt than under the original terms. Dow said it would cut 3,500 jobs on top of the 6,000 cuts previously announced.
BUSINESS
May 3, 2001 | From Times Staff and Wire Services
Rohm & Haas Co. will fire as many as 1,260 employees--including 100 in Orange County--to cut costs as the Philadelphia specialty chemicals maker tries to counter falling demand for its plastics and chemical products. The company, which makes paint additives and chemicals for electronics and also owns Morton Salt, said the job cuts will apply across its businesses and reduce its 18,000-employee work force by 7%.
BUSINESS
March 21, 2001
* Champion Enterprises Inc., the biggest U.S. maker of manufactured homes, said it closed two plants and 30 sales centers as it reduces inventory. The Auburn Hills, Mich.-based company also said it expects to report a first-quarter loss of 40 to 45 cents a share, much deeper than the 30-cent loss analysts expected, with revenue down about 40%. * Rohm & Haas Co.
BUSINESS
December 22, 1998 | Bloomberg News
Rohm & Haas Co., a Philadelphia-based specialty chemicals maker, agreed to buy LeaRonal Inc. for $460 million to expand its production of high-profit materials used in printed-circuit boards and semiconductors. The $34-a-share offer represents a premium of about 27% over LeaRonal's Friday closing share price of $26.81. LeaRonal, based in Freeport, N.Y., makes products used in making semiconductor packaging, printed circuit boards, electronic connectors and metal plating.
BUSINESS
November 19, 1991 | PATRICK LEE and MICHAEL PARRISH, TIMES STAFF WRITERS
Unocal Corp. said Monday that it will announce this week layoffs at its headquarters office and has found a buyer for its polymer manufacturing plants--including two in California--as it continues to trim in hard economic times. Unocal's intention to sell the manufacturing group was announced last spring. Belt-tightening among the 920-employee Los Angeles headquarters staff was announced to workers in an Aug. 2 internal memo. Richard J.
BUSINESS
May 24, 1991 | United Press International
Rohm and Haas Co. said it will build an emulsions manufacturing plant in southwestern Taiwan. The plant, with an initial investment of about $20 million, will manufacture acrylic, acrylic-styrene and vinyl-acetate copolymer emulsions. Groundbreaking for the 30,000-metric-ton facility will take place during the second half of 1991.
BUSINESS
April 3, 2009 | Associated Press
K+S of Germany agreed Thursday to buy Morton Salt from Dow Chemical Co. for $1.68 billion to become the world's biggest salt producer and reduce its dependence on potash fertilizer. The announcement came just one day after Dow closed its $16.5-billion purchase of chemical maker Rohm & Haas Co., owner of Morton Salt. Morton, founded in 1848, is North America's largest salt producer with 2008 sales of $1.2 billion. A spokesman for Dow, based in Midland, Mich.
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