The Dow Chemical Company Plans to Close Polystyrene Plant at Barry, UK
The Dow Chemical Company announced the decision to close its polystyrene production facility at Barry, South Wales, in the United Kingdom, by the end of 2005.
"This intended closure of the polystyrene plant at Barry involves extremely difficult decisions and reflects the competitive business climate that Dow faces in this industry," said Javier Constante, European polystyrene product director at Dow. "We must take action to maximize the efficiency of Dow's asset utilization in order to restore the long-term sustainability and profitability of Dow's polystyrene business."
Constante emphasized that Dow continues to be firmly committed to the polystyrene business. "With a total global polystyrene capacity of 2.3 million metric tons, Dow remains a leading producer in this industry," he said. "Our customers can expect a continued high level of service and quality, with their needs fully supplied from our other plants in Europe."
The Barry site employs 24 people. The actual number of jobs that could be impacted will be determined during the 30 day employee consultation period.
Dow and Evonik have entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity.
The basis for the method, named HYPROSYN™, has been created over the la ... more
Dow announced that it has reached an agreement for the divestiture of its Acetone Derivatives business to ALTIVIA Ketones & Additives, LLC, an affiliate of ALTIVIA, a privately held producer of chemicals headquartered in Houston, Texas.
“This divestiture illustrates Dow’s disciplined approa ... more
Dow held a groundbreaking ceremony for a new high-value silicone resin plant to be located at the Company’s manufacturing site in Zhangjiagang, Jiangsu, China. The new facility will significantly expand Dow’s global high-value silicone resin capacity to meet increased demand for the creatio ... more
With annual sales of $58 billion in 2008 and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the " Human Element ” to constantly improve what is essential to human progress. The Company delivers a broad range of produ ... more