Chemicals & plastics

Israel Chemicals is adjusting production to global demand in other segments as well.

Employees will be sent on paid leave.

Dead Sea Magnesium owes the banks more than $100 million.

The agrochemical giant bought companies in Poland and Serbia.

Chairman and CEO Avraham Bigger will take a 10% salary cut, other senior managers 8%.

CEO Ben-Shach: Oil Refineries' policy is not to hedge its operating inventory. This benefits us when prices rise, but hurts us when prices fall."

The 60,000-barrel a day refinery has been shut down.

The investment house has downgraded the stock.

"The third quarter cash drain was in-line with normal seasonal patterns."

The energy company claimed there was no worsening of its financial situation.

"The agrochemicals company is skating on thin ice."

The agrochemicals firm will pay out almost all of its quarterly income as a dividend.

Avraham Bigger, chairman and CEO of pesticide maker Makhteshim Agan, is trying to remain optimistic, even at a time of turmoil on the markets. In an exclusive interview with "Globes", he does not rule out the possibility that the company could be sold, and has a few strong words to say on Israel's attitude to the environment.

An IDB spokesman has denied reports of negotiations in the Indian press.

Chairman Rosen said a new hydrocracker will comply with strict environmental standards.

Polluters include Taro, Kitan, Haifa Chemicals, and Zoglowek.