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Arkema to cease coating resins production at UK site

10:57 AM MDT | May 7, 2014 | Francinia Protti-Alvarez

Arkema will cease production at its coating resins production unit at Stallingborough, UK, the company confirmed today. The plant was formerly part of Cray Valley, a Total subsidiary. The plans affect the majority of permanent staff at the site, and Arkema will begin formal consultations with trade unions and employee representatives on 9 May, the company says. The shutdown will likely result in the loss of 58 jobs, Arkema adds. The site's production will be relocated to France, a local media report says. "In line with its objective to achieve a 15% Ebitda...

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