Ciba Closes Brazil Antioxidants Plant

Ciba Specialty Chemicals says it has closed its antioxidants plant at Camaçari, Brazil, effective March 6. Ciba says the plant employed 40 people, or less than 1% of its workforce. “This decision was reached in response to increasing price pressure on antioxidants,” Ciba says. “The Camaçari facility did not have the capacity to sustain the productivity levels required in this market,” the company...

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