Volume 170 • Number 34
COVER STORY
24 South America: Sweet Prospects Hit Sour Note South America has been in a period of relative stability in recent years. However, the global financial turmoil has hit the region hard, and many executives are suspending major business decisions until they can assess the impact, analysts say.
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6 Chemtura suspends dividend; earnings rise • Agrium, Compass Minerals profits soar • Mitsubishi Rayon to buy Lucite • German billionairess bids to become 100% owner of Altana • Price increases boost Rhodia’s net profits • Fertilizer manufacturers cut production • Secco confirms ethylene expansion schedule
ASIA/PACIFIC 18 Downturn may delay Chinese ethylene plans ... 18 ... Dow advances coal-to-chemicals study
New Construction Projects
23 IndianOil and Gail sign accord for petchem jv • Petrobras picks Stone & Webster cracker tech-
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8 Sharp demand and price declines cloud outlook
8 Flint Hills to shut Texas site and exit PE, APAO
Business &
Finance News
UNI TED S TATES/AMERICAS
9 Hurricanes lower some profits; higher prices help others
9 Specialty sector results are mixed
9 Chemical profits at U.S. oil companies slide 8
10 LyondellBasell idles cr acker due to economic slump 12 Hexion sues lenders over funding Huntsman deal 15 Industry cautiously optimistic about Obama
15 InEn Tec, Lakeside team up in Syngas deal EUROPE/MIDEAST 15 17 Slowdown affects European chemical earnings
nology • Evonik to build H O plant in Brazil •
22
Foster Wheeler bags FEED contract from
Sasol • Linde builds gases plants in Hungary and Switzerland • Lanxess expands capacity in Germany
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