BP to close permanently 30 000 tonne PS line at Marl, Germany

30 October 2002 17:45  [Source: ICIS news]

LONDON (CNI)--BP is to shut permanently a 30 000 tonne/year polystyrene (PS) line at Marl in Germany in response to low prices and overcapacity.

A spokesman for the UK-headquartered energy and chemicals group said Wednesday that the closure, planned for the beginning of next month, would reduce BP's approximately 430 000 tonne of total European PS capacity by about 7%.

BP, which has about 240 000 tonne of PS capacity at Marl, explained that the line to be closed was one of its oldest and least efficient.

It is understood that there are unlikely to be any redundancies as a direct result of the closure.

BP also has PS capacity at Wingles in France and Trelleborg in Sweden.

By: Neil Sinclair
+44 20 8652 3214

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.

Printer Friendly