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Markets :: Basic Chemicals :: Petrochemicals :: Acetic acid
Celanese Confirms Permanent Closure Of Acetyls Complex in France
9:54 AM MDT | April 24, 2009 | Ian Young
Celanese has confirmed that it will permanently close its acetyls complex at Pardies, France with the loss of 354 jobs. The company did not announce a date for the closure. The Pardies complex has a “high cost structure” and is no longer economically viable, Celanese says. Celanese announced last January that it was considering closing the Pardies facility due to falling demand and overcapacity. Acetex Chimie, the Celanese subsidiary that operates the Pardies complex, recorded an operating loss of $14 million in the fourth quarter of 2008, and its...
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