Evonik closes Mobile cyanoacetic acid, esters line

05 August 2008 16:16  [Source: ICIS news]

LONDON (ICIS news)--Evonik Industries plans to close its cyanoacetic acid and ester plant in Mobile, Alabama, in the fourth quarter of 2008, the German specialty chemicals group said on Tuesday.

 

The company planned to exit the global market for these products because of overcapacities and competition from China.

 

Employees impacted by the closure would be retained in other facilities at the site, Evonik said in a statement.

 

Cyanoacetic acid and esters are used as an intermediate in the manufacture of products such as adhesives, pharmaceuticals and agrochemicals.

 

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By: Mark Watts
+44 20 8652 3214



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