CHEMICAL FABRICS <CMFB> AGREEMENT TERMINATED Chemical Fabrics Corp said an agreement in principle under which OC Birdair Inc would have purchased assets related to the architectural structures business of Dow Corning corp's ODC Inc division has been terminated. Under that agreement, Chemical Fabrics would also have become distributor of Dow Corning's Vestar silicone-coated fiberglass architecural fabrics. OC Birdair is a joint venture of Chemical Fabrics and Owens Corning Fiberglas Corp <OCF> and Down Corning a venture of Dow Chemical Co <DOW> and Corning Glass Works <GLW>. Chemical Fabrics said once the current project backlog of Dow Corning's ODC division is completed, Dow Corning plans to discontinue its design-engineering, fabrication and installation services. Chemical Fabrics said the companies will cooperate on the development of new products for architectural and industrial applications and may supply architectural materials to each other.