-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, lSjZLlxGvyR/JiDVIr/aF85w/h8Zx7i3t05eQZI3Ku2mKhrFJDXkK0NAjqdBSDUh Df/6nD65heU8WgJLol+fwg== 0000100790-94-000028.txt : 19940808 0000100790-94-000028.hdr.sgml : 19940808 ACCESSION NUMBER: 0000100790-94-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19940801 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19940803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNION CARBIDE CORP /NEW/ CENTRAL INDEX KEY: 0000100790 STANDARD INDUSTRIAL CLASSIFICATION: 2821 IRS NUMBER: 131421730 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01463 FILM NUMBER: 94541428 BUSINESS ADDRESS: STREET 1: 39 OLD RIDGEBURY RD CITY: DANBURY STATE: CT ZIP: 06817-0001 BUSINESS PHONE: 2037942000 MAIL ADDRESS: STREET 1: 39 OLD RIDGEBURY RD CITY: DANBURY STATE: CT ZIP: 06817-0001 FORMER COMPANY: FORMER CONFORMED NAME: UNION CARBIDE CORP DATE OF NAME CHANGE: 19890806 FORMER COMPANY: FORMER CONFORMED NAME: UNION CARBIDE & CARBON CORP DATE OF NAME CHANGE: 19710317 8-K 1 8-K 8/1/94 TEXT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) August 1, 1994 UNION CARBIDE CORPORATION (Exact name of registrant as specified in its charter) New York (State or other jurisdiction of incorporation) 1-1463 13-1421730 (Commission File Number) (IRS Employer Identification No.) 39 Old Ridgebury Rd, Danbury, CT 06817-0001 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code 203-794-2000 Item 5. OTHER EVENTS. See Union Carbide Corporation press release dated August 1, 1994 accompanying this report as Exhibit 99. Item 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. 99. Press release, dated August 1, 1994. Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 3,1994 UNION CARBIDE CORPORATION By JOHN MACDONALD J. Macdonald Assistant Secretary EXHIBIT INDEX Exhibit 99. Press Release, dated August 1, 1994. EX-99 2 8-K 8/1/94 EXHIBIT 99 PRESS RELEASE Exhibit 99 UNION CARBIDE NEWS RELEASE CONTACT: Lou Agnello FOR RELEASE: Immediately 203-794-3386 UNION CARBIDE, ENICHEM TO FORM NEW POLYETHYLENE COMPANY IN EUROPE DANBURY, Conn., Aug. 1 -- Union Carbide Corporation and EniChem SpA, Milan, Italy, today jointly announced that they intend to form a 50-50 joint venture to produce and market polyethylene in Europe. The two companies have signed a memorandum of understanding, and are proceeding with negotiation of definitive agreements. They anticipate a first quarter 1995 start up of the venture following European Community approval. The planned JV will take advantage of Union Carbide's world-leading UNIPOL Process technology and polyethylene business expertise and EniChem's extensive marketing network and production facilities to create a formidable force in European polyethylene markets. The new company will own EniChem's existing polyethylene operations in Italy, France and Germany. These facilities have a combined low, linear- low and high-density polyethylene capacity of about 2.9 billion pounds per year, among the largest of any producer in Europe. Also included in the JV will be EniChem's olefins crackers at Brindisi and Dunkirk. Additional ethylene will be sourced from other EniChem crackers. Initially, the new company will build an 880 million pounds-per-year UNIPOL PE Process facility at EniChem's Brindisi plant. According to the business plan under discussion by the partners, UNIPOL PE plants would subsequently be built by the JV at strategic polyethylene sites throughout Europe. Union Carbide Chairman and CEO Robert D. Kennedy said, "The planned association with EniChem will bring leading edge UNIPOL technology to the co-leader in polyethylene production in Europe. This combination, when followed up with projects to expand and upgrade existing facilities, will result in a highly competitive company with the lowest cost polyethylene production base on the Continent." Commenting on the agreement, EniChem President Dr. Marcello Colitti said, "It's a real turning point in the life of EniChem. The company, which has already obtained the approval of the European Community for its recapitalization, is now in a position to advance its strategic development. The planned joint venture will benefit from the significant cost reductions already achieved by EniChem and from the first signs of revitalization now seen in the markets." -----END PRIVACY-ENHANCED MESSAGE-----