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

Lower oil prices will continue to impact PE, PP resin pricing

March 2, 2015 2:05 pm ET

Lower oil prices will continue to affect North American markets for polyethylene and polypropylene resin in the months ahead.    More

Image

BASF keeps innovating to drive customers

March 2, 2015 11:39 am ET

Materials giant BASF Performance Materials is keeping innovation alive with new products and processes.    More

Image

BASF earnings up despite 'disappointing economic development' for Europe

March 2, 2015 10:50 am ET

Chemicals giant BASF SE said Feb. 27 it had hit its goal for 2014, increasing earnings, “despite the disappointing economic development in...    More

Image

Borealis reports record profit for 2014

March 2, 2015 10:29 am ET

Borealis AG, the Austria-headquartered chemicals giant, announced record annual net profits, numbers the group said were boosted by improved margins...    More

Image

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events