SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Metabolix [MBLX] a Full Disclosure Thread

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: richardred12/4/2006 10:30:04 AM
   of 78
 
12/04 08:47 DJ Dow Chem To End Distribution Pact With Ashland Unit >ASH

DOW JONES NEWSWIRES

Ashland Inc. (ASH) said Dow Chemical Co. (DOW) plans to terminate, on March 1, its agreement with the company's Ashland Distribution unit for the distribution of Dow plastics in North America.

The Covington, Ky., chemical company said Monday that fiscal 2006 purchases under the agreement totaled $170 million, or about 5% of Ashland Distribution's materials purchases. Ashland Distribution also has a plastics distribution contract with Dow in Europe, under which it bought $60 million of plastics in fiscal 2006, which the company said "could at some point be impacted."

Ashland said it plans to "agressively pursue retention" of the customers affected by Dow's decision, with the support of its plastics manufacturer partners.

Ashland's shares closed Friday down 38 cents at $67.99, after reaching a 52- week high of $68.70 earlier in the session.

-Tom Rojas; 201-938-5400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

12-04-06 0847ET

Copyright (c) 2006 Dow Jones & Company, Inc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext