Volume 90 Issue 15 | p. 10 | News of The Week
Issue Date: April 9, 2012

Dow To Close Insulation Plants

Cost Cutting: Chemical maker will shutter four facilities, lay off 900 workers
Department: Business
Keywords: insulation, construction chemicals, home building, layoffs

Dow Chemical says it will close four manufacturing plants and idle a fifth to cut costs amid continued weakness in the European economy. The closures will take place over the next two years and will result in the loss of 900 jobs.

Dow will shut down three plants that produce Styrofoam, the company’s brand of closed-cell extruded polystyrene foam used for building insulation. The plants are located in Estarreja, Portugal; Balatonfűzfő, . . .

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