26 November 2008 16:52 [Source: ICIS news]
HOUSTON (ICIS news)--Invista plans to idle its 195,000 tonne/year Millhaven polyethylene terephthalate (PET) plant in Ontario, Canada, amid the continued economic downturn, a spokesperson said on Wednesday.
“It’s a challenging period for our industries,” said Invista spokesperson Jodie Stutzman, who added that the decision to halt production at the plant in early December was due in part to low demand and oversupply in the plastic bottle resin market.
No plans had yet been made regarding if or when the Millhaven plant would be restarted, Stutzman said.
Invista has been the largest private sector employer in the greater Kingston, Ontario area, with 1,200 employees at three facilities including Millhaven, said Bill Stewart of the Kingston Chamber of Commerce.
Stewart said Invista would lay off roughly 100 employees as a result of the decision to idle the plant. These layoffs, if permanent, would knock the company down to the area’s second largest private sector employer, he said.
Invista did not confirm planned layoffs, only saying employees would be affected during the idle period.
News of Invista’s December plant closure follows the company’s decision in October to permanently idle 150,000 tonnes/year of US PET capacity at Greer, South Carolina.
($1 = €0.77)
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