May 3, 2001 |
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%.
December 29, 2008 |
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.
November 19, 1991 |
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.
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.
March 10, 2009 |
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.
May 24, 1991 |
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.