Illinois company president shot, wounded by long-time employee

By Gayle S. Putrich
Staff Reporter

Published: December 30, 2013 8:14 pm ET
Updated: December 30, 2013 8:39 pm ET

Related to this story

Topics Materials, Materials Suppliers

DynaChem President and CEO Keith Rife sustained non-life threatening injuries after being shot in the head and hip by a long-time employee during a Dec. 26 performance review, according to local reports.

The employee, identified as chemist Wayne Woodson, 65, then killed himself with the handgun he had pulled from his briefcase. He was pronounced dead that the scene according to the Champaign-Urbana News-Gazette. Woodson was DynaChem's director of new technologies and had been with the company for more than 20 years.

The a small, privately held industrial chemical maker based in Georgetown, Ill., about 30 miles from Champaign, produces a bio-based material for thermoset resin developer Cara Plastics Inc. of Newark, Del. Cara targets the closed-mold market for high-performance parts and large structures, such as Cara-designed hurricane-resistant roofs. The soy-based product is suitable for resin transfer molding, vacuum-assisted RTM and compounds for sheet molding and bulk molding with many different reinforcement fibers, from carbon to feathers. DynaChem also makes a wide variety of epoxy, furan and phenolic resins.

Urbana's Carle Foundation Hospital, where the News-Gazette reported Rife was taken via ambulance and later interviewed by Vermilion County sheriff's office investigators would not comment on Rife's condition, or even confirm that he is a patient there.


Comments

Illinois company president shot, wounded by long-time employee

By Gayle S. Putrich
Staff Reporter

Published: December 30, 2013 8:14 pm ET
Updated: December 30, 2013 8:39 pm ET

Post Your Comments


Back to story


More stories

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Silica can replace plastic microbeads

November 19, 2014 6:00 am ET

As cosmetics and soap makers face pressure to remove plastic microbeads from their products, Evonik Industries touts its new silica-based microbeads...    More

Chase Plastics building new Indiana distribution center

November 18, 2014 11:13 am ET

Resin distributor Chase Plastics will invest $5.4 million to build a new distribution center in South Bend, Ind.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events