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Cabot announced a cost-reduction program designed to boost earnings, and said it has cut 250 jobs from a total work force of 4,500.

BASF said Saturn selected a special “gold-green” color supplied by BASF for its 1999 “Homecoming Commemorative Edition SL2” car.

BASF said its Industrial Coatings business group has opened an office in Houston to support the business’s activities in the North American oil and gas pipeline market.

Lubrizol said its coating and ink additives business unit started operations at a new manufacturing unit near Rio de Janeiro, Brazil.

International Specialty Products announced a restructuring of business operations in Europe.

Witco Corp. and Crompton & Knowles Corp. completed their previously announced merger, creating CK Witco Corp.

Wattyl of Sydney, Australia, has acquired Wasser High-Tech Coatings of the United States.

The board of directors of Rhône-Poulenc S.A. approved a plan to divest the company’s 67.e% stake in Rhodia.

After initially resisting a takeover bid by Alcoa Inc., Reynolds Metals Co. agreed to be acquired by the world’s biggest aluminum company in a deal valued at approximately $5 billion.

The Paint Research Association of Teddington, UK, has acquired the publication rights to European Paint and Resin News from Information Research.