Property Types Industrial
Rohm & Haas to Close Two Plants, Cut 925 Jobs
June 17, 2008
Source: Philadelphia Inquirer

Rohm & Haas, a major U.S. chemical company, has decided to shutter two plants and eliminate 925 jobs in North America, between 120 and 140 of which will be in the Philadelphia and Delaware areas. The company cited a shrinking paint market and troubled economic conditions for the decision.

The firm will close plants in California and Kentucky, according to the Philadelphia Inquirer. In addition, it plans to consolidate manufacturing currently done at its Newark, Del., plant into a plant located in Taiwan.

 
Recent Industrial Headlines
ProLogis Announces Full Occupancy at 531,000-SF Houston Distrib Park
ProLogis announced today full occupancy at ProLogis NorthPark, a recently developed, four-building, 531,000- square-foot distribution park located in Houston.
Amid Continuing Market Decline, First Industrial Nabs $154M in Financing
Despite the ongoing weakening of industrial market fundamentals, banks are warming up to certain players like First Industrial Realty Trust Inc., which has just managed to get its hands on $154 million in the form of three loans secured by assets encompassing a total of 6.3 million square feet.