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.