US Chrysler to idle automobile plant in October

30 June 2008 21:28  [Source: ICIS news]

HOUSTON (ICIS news)--US automobile maker Chrysler plans to idle a minivan plant near St Louis, Missouri, effective on 31 October, the company said on Monday.

Automobiles are an important chemical end market, in that each has an average of $2,400 (€1,512) worth of chemistry, according to the American Chemistry Council (ACC). Automobile parts include rubber hoses, plastic dashboards, catalysts, fibres, adhesives and coatings.  

Chrysler also plans to remove a shift at its St Louis North plant, which makes full-size trucks, the company said. The plant will have one shift once the reduction goes into effect on 2 September.

The cuts will remove 2,400 hourly jobs, Chrysler said.

US automobiles have struggled as more consumers are buying fuel-efficient cars instead of trucks and other large vehicles.

($1 = €0.63)

To discuss issues facing the chemical industry go to ICIS connect

By: Al Greenwood
+1 713 525 2645

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