Momentive to Close Czech Phenolic Resins Plant

Momentive Specialty Chemicals says it will close its Pardubice, Czech Republic  phenolic specialty resins facility June 30 to better align its assets with European market demand. Products manufactured at Pardubice will be transferred to other Momentive sites, the company says.  “Today’s announcement is regrettable, but necessary,” said Marcello C. Boldrini, Vice President, Phenolic Specialty Resins. “We are continuously analyzing our European business in a difficult economic climate to make changes that will improve our...

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