HOUSTON - Lyondell Petrochemical Co. of Houston has completed its purchase of Dallas-based Occidental Chemical Corp.'s Alathon high density polyethylene business for $350 million, plus $50 million in inventory. On May 1, Lyondell began operating Alathon production facilities in Victoria and Matagorda, Texas. As previously reported, the acquisition gives Lyondell annual HDPE capacity of about 1.5 billion pounds.
Debra Starnes was named senior vice president, polymers. She will be responsible for the new Alathon Polymers division.
Mobil's plan spares plastics R&D work
PRINCETON, N.J. - The recently announced phase-out of Mobil Corp.'s research, engineering and environmental affairs technical center in Princeton will have little or no effect on plastics research and development by the petrochemical giant.
Mike Kimmitt, public affairs director for Mobil Chemical Co., the Fairfax, Va.-based plastics and chemical wing of Mobil, said the Princeton complex was not involved in plastics research. Instead, Mobil does most of its plastic and polymer development at its Edison, N.J., facility.
``In phase two of this particular restructuring, there may be some minimal impact on plastics research and development,'' Kimmitt said. ``In that phase, support staff task forces of Mobil employees will be formed from existing staff, and their responsibilities and research areas may change.''
The company plans to notify workers whose jobs will be affected by the second phase of restructuring by March 1996.
MC Machinery Systems Inc. appointed Macon Machinery Sales Corp. of Bristol, Conn., as its sales representative for the New England area. Macon will offer Mitsubishi's complete line of injection molding machines.