Proposed Future of Arkema Vlissingen Site (Netherlands)
Friday June 22, 11:05 am ET
COLOMBES, France--(BUSINESS WIRE)--Regulatory News:
The management of the Vlissingen site have presented a plan for the site's future to the Company Works Council in order to restore the competitiveness of this facility which is part of Functional Additives business unit. The Company Works Council will give its advice on July 11.
The proposed future of the Vlissingen site would be centered primarily on the closure of a manufacture line of tin derivatives for agrochemicals, an activity which has been generating losses for a number of years as a result of steadily falling demand, increasingly stringent regulations and rising main raw material cost.
This plan would entail an overall reorganization of the site, and would result in the loss of 57 jobs from the current headcount of 154. A redundancy plan will be negotiated locally with the trade unions.
Arkema's Vlissingen industrial site manufactures additives for PVC processing: impact modifiers to impart superior mechanical strength, process aids to facilitate converting, in particular extrusion, and heat stabilizers to improve thermal stability. The site also manufactures a range of innovative additives for the glass coating sector (sheet glass and bottles).
A global chemical player, Arkema consists of 3 coherent and related business segments: Vinyl Products, Industrial Chemicals, and Performance Products. Present in over 40 countries with 17,000 employees, Arkema achieves sales of 5.7 billion euros. With its 6 research centers in France, the United States and Japan, and internationally recognized brands, Arkema holds leadership positions in its principal markets.
Engineering News Archive