08 August 2001 18:54 [Source: ICIS news]
"Despite our best efforts, margins have eroded over the last two months and we need to take this action now to achieve an acceptable result," said Manuel Fraga, senior vice president of PE marketing and sales at Basell.
He added: "The situation has been particularly disappointing in low density polyethylene (ldPE)."
Fraga said that Basell plans to reduce temporarily its ldPE and high density polyethylene (hdPE) capacities in Aubette, France and Wesseling, Germany.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections