Volume 87 Issue 28 | p. 16 | Concentrates
Issue Date: July 13, 2009

Downturn Forces Shutdowns

Department: Business | Collection: Economy
Keywords: shutdowns, FMC, Sunoco, Celanese, Dow Chemical

Four firms are advancing plans to shut down chemical plants because of the economic slowdown. FMC plans to close sulfur derivatives and silicates plants at its Barcelona site. The firm blames high costs and reduced demand for the closure and the loss of 73 jobs. The company will take a charge of up to $36 million against earnings. Sunoco says it will permanently shut down the ethylene complex at the firm's refinery in Marcus Hook, . . .

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