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Solvay to Close Italian Chloromethane Plant

12:28 PM MDT | July 25, 2007 | Kerri Walsh

Solvay says it will close a 45,000-m.t./year chloromethane (methyl chloride) plant at Bussi, Italy by the end of this month. Solvay did not detail job cuts, but says it is part of a larger restructuring program at Bussi that will result in a total of 200 job cuts. The company also did not disclose the costs associated with shutting the plant. Solvay says the technology used at the chloromethane plant is obsolete, and “suffers from a lack of competitivity.” Those factors have caused “massive and continuous finanacial losses” for a long...

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