IHS Chemical Week

People & Business :: Companies

Plant Closures in Hundreds, Job Cuts in Thousands, as Industry Copes With Recession

12:44 PM MST | December 30, 2008 | Vincent Valk

BASF, Dow and DuPont, the world’s three largest chemical companies, have shuttered, idled or cut production at some 460 plants, according a review of recent news in CW. Other companies such as LyondellBasell, Ineos and Terra have taken production totaling at least 7.45 millon mt/year offline. Chemical makers of all sizes have made job cuts, including over 7,000 at Dow and DuPont. The biggest companies have undertaken the biggest shutdowns. BASF announced plans to close, idle, or reduce production at 180 plants in November, citing weak demand. Nearly a...

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