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Markets :: Basic Chemicals :: Inorganic Chemicals :: Titanium Dioxide

Millennium Shuts French Plant Amid Poor Market Conditions

8:37 AM MST | November 21, 2007 | Rebecca Coons

Cristal’s (Yanbu, Saudi Arabia) Millennium Inorganic Chemicals says it will close its titanium dioxide (TiO2) plant at Le Havre, France. The company says it did not set a specific timeline for the closure as it is subject to consultation with unions. “No decision can be made until that process is completed,” says a Millennium company representative. The plant’s 287 employees will be considered for open positions at the company, Millennium says. Millennium says it has recorded €157 million in losses related to the site since purchasing...

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