Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

La Seda Shutting Down Plastics Output

by Alexander H. Tullo
August 3, 2009 | A version of this story appeared in Volume 87, Issue 31

Spanish polyethylene terephthalate maker La Seda de Barcelona plans to cut about 300 jobs and capacity for 500,000 metric tons per year of both polyethylene terephthalate resin and purified terephthalic acid. The company says that five PET resin plants in Italy, Portugal, Greece, Spain, and Turkey are "nonstrategic." La Seda also wants to negotiate with its unions and other parties at its San Roque, Spain, plant—which it purchased from Eastman in 2007—to reduce costs or else it "will consider the definitive shutdown of the facility." The company also plans to shut down its Wilton, England, PTA plant because the technology it uses there is obsolete and the company's p-xylene supplier is shutting down.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.