Leuna Polyamid: Insolvency Proceedings Initiated

Insolvency estate is insufficient to cover decommissioning and dismantling

02-Oct-2026 - The Halle/Saale Local Court has opened insolvency proceedings against “Leuna – Polyamid GmbH.” Prof. Dr. Lucas F. Flöther of the law firm Flöther & Wissing was appointed as the insolvency administrator. As previously announced by the company, the facilities will now be shut down in an orderly ...

Closure of Chemical Plant Could Cost Saxony-Anhalt Millions More

A safe shutdown requires a technically complex process

15-Sep-2026 - The shutdown of the Leuna Polyamid chemical plant could cost the state of Saxony-Anhalt millions more. According to the State Administrative Office, it has commissioned an expert assessment of the costs associated with safely shutting down and securing the insolvent chemical plant. The result: ...

Evonik consolidates production: Hamburg and Bitterfeld to be closed

Operations will continue at larger German sites

14-Sep-2026 - Evonik plans to close two smaller sites in Germany by next year. At the company’s Hamburg site, around 50 employees currently supply products for the cosmetics and personal care industry. In Bitterfeld, around 40 employees produce chlorosilanes. These businesses will continue, concentrated mainly ...

Evonik extends efficiency program “Tailor Made”

Companywide restructuring and savings measures through 2029: About 3,200 jobs to be cut

22-Jun-2026 - Evonik will implement further structural and cost-cutting measures in the coming years to drive forward the company’s transformation. "The global political situation remains uncertain, and economic growth is persistently weak. At the same time, international competition is becoming increasingly ...

Chemical plant closures rate surges six-fold in Europe since 2022

"It’s no longer a question of being five minutes before or after twelve. The sector is under severe stress and breaking"

29-Jan-2026 - A new report shows that chemical plant closures in Europe, has surged sixfold since 2022, reaching a cumulative 37 Mt of capacity – or around 9% of European production capacity – and resulting in the loss of 20,000 direct jobs in the chemical industry. The report also reveals a sharp slowdown in ...

Haltermann Carless completes divestment of production site in USA

Focus on hydrocarbons and new technologies

15-Jan-2026 - Haltermann Carless has completed the divestment of its manufacturing facility in Manvel, Texas, USA. The site has been decommissioned and transferred to the new owner. The transaction was completed at the end of 2025. This divestment is part of the company's RACE transformation programme, which ...

INEOS to close two Rheinberg plants as Europe’s chemical industry hits breaking point

The closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection

13-Oct-2025 - INEOS has confirmed its intention to shut two production units in Rheinberg, Germany, with the loss of 175 jobs. The proposed closures are the direct result of crippling energy and carbon costs, and a lack of tariff protection. The intention to close, which has been shared with employees, ...

Dow will shut down three upstream European assets

Reducing merchant sale exposure, and removing higher-cost, energy-intensive assets

10-Jul-2025 - Dowopens in a new tab announced that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in addition to certain corporate and other assets across the Company's global asset ...

Evonik reorganizes its polyamide business

10-May-2019 - The specialty chemicals company has already begun construction of a new polyamide 12 (PA 12) facility complex and is expanding its production of transparent polyamides at the Marl Chemical Park, and, in so doing, is concentrating its activities on high-performance materials for attractive growth ...

Evonik to close its Kaba site in Hungary

09-Apr-2018 - Evonik will stop its amino acid production at its Hungarian Kaba site by the end of April 2018. There Evonik Agroferm Zrt., a subsidiary of Evonik, currently employs about 120 people. The decision was prompted by intense and increasing competition in the market for the amino acid L-threonine, ...