Last June, Rohm and Haas, which is in the midst of a merger with Dow Chemical Co., announced that it was laying off 937 workers, mostly in North America, in efforts to save $110 million in 2010. This latest move is expected by management to save $90 million in pre-tax run-rate charges this year.
Besides closing some plants, Rohm and Haas will also restrict production times at others. The company has Pennsylvania plants in Philadelphia, Bristol, Croydon, Reading and Spring House.
In November the firm opened a plant that makes additives for paint and coatings material and adhesives, in Moscow, Russia. The company also makes materials for electronics and building and packaging, and owns the Morton Salt brand.
In its third quarter, Rohm and Haas' most recently reported, the company posted $129-million earnings, flat from the same year-ago period. Sales rose 12%, hitting $2.47 billion.
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