union carbide historical stock price

When was Union Carbide and Carbon Corporation founded?

Union Carbide & Carbon Corporation is incorporated on November 1, 1917 and acquires the stock of: Linde Air Products Co.; National Carbon Co., Inc.; Prest-O-Lite Co., Inc.; and Union Carbide Company (formed in 1898). George Curme files the first patent for commercial preparation of ethylene.

Is Union Carbide owned by Dow?

On August 4th, Union Carbide and The Dow Chemical Company announce that their boards of directors have approved an $11.6 billion transaction which would result in Union Carbide becoming a wholly owned subsidiary of The Dow Chemical Company. On February 6th, Union Carbide Corporation became a wholly owned subsidiary of The Dow Chemical Company.

What did Union Carbide do in the 1960s?

By the 1960s, Union Carbide occupied the top spot in many of its primary fields, including industrial gases, carbon electrodes for industrial electric furnaces, batteries, atomic energy, polyethylene plastic, and ferroalloys. In 1965 the conglomerate's sales topped $2 billion for the first time.

Who are the partners of Union Carbide?

Union Carbide forms Asian Acetyls Company, Ltd. a joint venture in Korea with BP Chemicals and Samsung Fine Chemicals Company to manufacture vinyl acetate monomer. Union Carbide and two partners (Petrochemical Industries Company and Boubyan Petrochemical, both of Kuwait) form Equate Petrochemical Company.

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What ever happened to Union Carbide?

Union Carbide ceased operations in Australia in 1985. In 1987, the New South Wales Pollution Control Commission ordered Union Carbide to remediate the site. This work, which cost Union Carbide $30 million, was conducted between 1988 and 1993. The work involved excavation and encapsulation of the contaminated soil.

When did Dow acquire Union Carbide?

Dow Chem buys Union Carbide - Aug. 4, 1999. NEW YORK (CNNfn) - Dow Chemical Co. agreed Wednesday to buy Union Carbide for about $11.6 billion in stock and debt, shoring up Dow's standing as one of the world's biggest chemical companies.

What is Union Carbide worth?

Dow Chemical has agreed to acquire rival Union Carbide in a stock deal worth $11.6 billion (€10.8 billion) that will create the world's second-largest chemical company.

What did Union Carbide change their name to?

Union Carbide Industrial Gases is spun-off as an independent company. Its name changes to Praxair, Inc.

Does Dupont own Union Carbide?

Union Carbide Corporation is a wholly owned subsidiary of The Dow Chemical Company.

Does Union Carbide make batteries?

It also produced plastics, industrial gases, metals and carbon products, and electronics and medical products. In 1986–87, however, it sold many of its home and automobile products businesses (such as those for batteries, waxes, and antifreeze).

Is Bhopal still toxic?

Groundwater found near the site of the world's worst chemical industrial accident in Bhopal is still toxic and poisoning residents a quarter of a century after a gas leak there killed thousands, two studies have revealed.

Is Warren Anderson still alive?

September 29, 2014Warren Anderson / Date of death

Is Union Carbide still in business in India?

UCIL employed 9,000 people. UCIL was 50.9% owned by Union Carbide and Carbon Corporation (UCC) located in the United States and 49.1% by Indian investors including the Government of India and government-controlled banks....Union Carbide India Limited.Founded1934FateRenamed Eveready Industries India in 1994HeadquartersIndia2 more rows

Why did Union Carbide an American company prefer to open its plant in India?

Union Carbide, an American company preferred to open its plant in India because they wanted to invest in the country as the company got its shares in Union Carbide India Limited in the year 1934.

How many people died in Bhopal gas tragedy?

As per a state government affidavit filed in the court in the year 2006, the tragedy had killed 3,787 people and affected more than 5.58 lakh in the state capital after toxic gas leaked from the Union Carbide factory which was closed after the tragedy.

Where is Dow Chemical headquartered?

Midland, MIDow / HeadquartersDow Chemical Company, American chemical and plastics manufacturer that is one of the world's leading suppliers of chemicals, plastics, synthetic fibres, and agricultural products. Headquarters are in Midland, Michigan.

Who owned Union Carbide in 1984?

Warren Martin AndersonWarren Martin Anderson (November 29, 1921 – September 29, 2014) was an American businessman who was the chair and CEO of the Union Carbide Corporation (UCC) at the time of the Bhopal disaster in 1984. He was charged with manslaughter by Indian authorities.

Is Warren Anderson still alive?

September 29, 2014Warren Anderson / Date of death

What happened to Union Carbide after Bhopal?

Eventually, in an out-of-court settlement reached in February 1989, Union Carbide agreed to pay US$470 million for damages caused in the Bhopal disaster. The amount was immediately paid. Throughout 1990, the Indian Supreme Court heard appeals against the settlement.

What did Dow chemical stock close at today?

$51.01Stock Quote (U.S.: NYSE) | MarketWatch....$ 51.11.CloseChgChg %$51.01-0.37-0.72%

Union Carbide Historical Information

Note: The Dow Chemical Company acquired Union Carbide Corporation effective February 6, 2001. Union Carbide Corporation is a wholly-owned subsidiary of The Dow Chemical Company.

Rohm and Haas Historical Stock Price Charts

Note: The Dow Chemical Company acquired Union Carbide Corporation effective February 6, 2001. Union Carbide Corporation is a wholly-owned subsidiary of The Dow Chemical Company.

How much did Union Carbide raise in 1987?

Income rose 78 percent in 1987 to $232 million, but high debt service made it hard for the company to develop and introduce new products. In 1988 UCC reduced its debt by more than $400 million and increase equity by almost $600 million. By 1988, Union Carbide's corporate identity had begun to take clearer shape.

When did Union Carbide lose its 75th anniversary?

As a fitting mark to Union Carbide's 75th anniversary in 1992 , the company had the year's best-performing stock on the Dow Jones list of 30 industrials. Carbide was half way to achieving its $400 million cost reduction goal, and had endured a loss of $187 million.

What was Union Carbide used for?

Union Carbide earned a reputation for developing raw materials for the chemical and metals industries during World War II. Since natural rubber was in very short supply during the war, the company resumed its experiments with butene, a hydrocarbon that was developed into a synthetic rubber.

Why was Union Carbide changed to Union Carbide?

International operations of the conglomerate contributed 29 percent of its annual sales, and mid-decade the company name was changed to Union Carbide International Co. to reflect its increased global presence.

How many people died in the Union Carbide plant accident?

The accident killed over 2,300 people and permanently injured another 10,000. Newsweek magazine called the incident "the worst industrial accident in history.".

What is Union Carbide Corporation?

Company History: Union Carbide Corporation is the world's largest producer of ethylene glycol, commonly used as antifreeze, and is a leading manufacturer of the world's most widely used plastic, polyethylene.

What was the name of the group that was formed to manufacture calcium carbide?

The merger combined what had often been competing interests to form an industrial chemicals powerhouse. The oldest member of the quartet, Union Carbide, had been formed to manufacture calcium carbide, which was used in the production of metal alloys.