globalpipe  by KWD

Aalberts Industries N.V. announces that the company is confronted with exceptional and unforeseen market circumstances. The situation on the financial markets and the impact of that on the economic circumstances are causing a further slowdown in Aalberts Industries’ activities. Where during the first half of 2008 the different markets were still characterised by distinctive trends, Aalberts Industries is recently, particularly the last weeks, confronted with a total slowdown in its main markets.
Aalberts Industries has reacted by taking measures. The company has reduced its global workforce in the last months with approximately 650 employees and has taken the exceptional costs. Aalberts Industries will remain focused on strengthening its market position in the different markets. The actions taken can however not compensate the negative impact of the unprecedented market circumstances. Aalberts Industries expects therefore that in 2008 earnings per share will be 15-20% lower than in 2007.

Contact: www.aalberts.nl

AMI LLC is pleased to announce PLASTICS IN UNDERGROUND PIPES 2009, which will take place at the Radisson Resort Orlando – Celebration, Orlando, Florida, May 6-7, 2009. Plastics are now well established in all types of underground applications including drainage, sewage, water and gas. They are also being utilized in many rehabilitation projects in ageing pipelines, and as coatings and linings to protect more traditional materials.
Building upon the great success of the 2008 event, this conference brings together the plastics pipe industry from specifiers and researchers to manufacturers and materials experts. Breaks, luncheons and a reception are also included in this two day event to give you ample opportunities to meet with others in the industry to address the issues of concern as well as provide you with plenty of networking opportunities.
Contact: More information and registration details:
http://www.amiplastics.com/ami/AMIConference.asp?EventID=166, lf@amiplastics-na.com

ROTTERDAM, Netherlands, Dec. 30 /- Following Standard & Poor’s press release earlier today, LyondellBasell issued the following statement:

“Standard & Poor’s definition of ‘selected default’ related to our corporate credit rating should not be misinterpreted to suggest that LyondellBasell is currently in default of its bank agreements. As they stated in their press release, ‘This is a default in our opinion according to our definitions and criteria.’ LyondellBasell is not currently in default according to its agreements with its lenders.” (weiterlesen…)