Arkema Plans Further Restructuring of its Vinyls Business

Arkema (Paris) has announced further steps to improve the competitiveness of its vinyls business, the least profitable of its three segments. The restructuring involves the closure of its aluminum chloride manufacturing plant at Jarrie, France and of a polyvinyl chloride and vinyl acetate co-polymers unit at Saint Auban, France. Aluminum chloride, used as catalyst in pharmaceutical and chemical synthesis, will cease to be produced at Jarrie on June 30, 2009, leading to 73 job losses. Arkema says, however that it has identified solutions...

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