Archive | October, 2009

Dow confirms closure plan

US group Dow Chemical has insisted it is pressing ahead with plans to close the site in January. According to nebusiness.co.uk, a consultation period has come to an end and 55 jobs are at risk.The news seems to confirm what Stan Higgins at NEPIC (North East Process Industry Cluster) and the UK government told me […]

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Mandelson, Dow, Third Coast negotiating over Wilton?

Colleagues returning from the EPCA conference in Berlin spotted Third Coast executives entering a meeting with people from Dow Chemical. Could it be that the two companies are negotiating together with direct input from UK business secretary, Peter Mandelson, to rescue Dow’s ethylene oxide/ethylene glycol plant at Wilton, Teesside?This would explain why Stan Higgins, CEO […]

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Mystery of Third Coast Chemicals’ Wilton rescue plan

On Sunday ICIS reported that US-based Third Coast Chemicals was negotiating a takeover of the Dow Chemical ethylene oxide/ethylene glycol (EO/EG) site at Wilton, UK, scheduled for closure in January 2010.We’d got confirmation of a Sunday Times report from Martin Staley, EMEA vice president for Third Coast who told ICIS: “We’re working with the North […]

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La Seda de Barcelona announcement today?

There are rumours in the market that troubled PET producer La Seda de Barcelona may have breached its bank covenenants with an announcement due out today (6 October).These are unsubstantiated rumours so I’d love to hear from anyone who can tell me if this is true or false. Please contact me by e-mail at will.beacham@icis.comShares […]

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Wilton rescue for Dow EO/EG plant by Third Coast Chemical

The Sunday Times reported yesterday that US producer Third Coast Chemicals is in talks to take over the Dow ethylene oxide and ethylene glycol facility at Wilton.This would be excellent news for Wilton and the UK chemical industry in general.The Dow plant was the UK’s only producer of EO/EG and it is dangerous to transport. […]

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BorsodChem not for sale: Permira

Permira, the owners of Hungary’s PVC manufacturer BorsodChem, say they will hold on to the group as it should recover strongly when the downturn tails off.According to Reuters, Ulrich Porwollik, a head of communications at Permira in Germany, confirmed a report in Vilaggazdasag.‘Permira has long term goals with BorsodChem,’ Christian Neuss, partner at Permira was […]

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