Items Tagged with 'plant closure'

Three to five carbon black lines will be discontinued across the Americas and EMEA by the end of 2025.

The company begins a multiyear shutdown as it aims to streamline upstream operations and improve profitability.

The company announced plans to close two manufacturing sites in Europe as part of its ongoing industrial transformation strategy.

The joint venture partners will close their POSM unit at Maasvlakte, citing global overcapacity, rising imports and cost pressures in Europe.

The company plans to transfer the production to other locations in the region. The intention is the first part of a multi-year industrial efficiency plan to be fully finalized by the end of 2026.

The company concluded that, given continued losses, the economics of the plant in Podari cannot sustain the necessary continued expenditure. Following the announcement, activities within the Biofuels & Derivatives business line, which supported the development and ramp-up of the plant, will be downsized.  

The decision comes as part of a comprehensive strategy to improve the earnings quality of producers of the Ti-Pure brand by optimizing its manufacturing circuit.