11 December 2008 11:51 [Source: ICIS news]
LONDON (ICIS news)--Dow Europe plans to permanently close its 50,000 tonne/year polystyrene (PS) production in Terneuzen, Netherlands, as part of its transformational strategy, a company source confirmed on Thursday.
“Demand for PS products has declined dramatically over past months and there is no short-term sign of recovery,” said the source.
“In addition to declining demand, the business is facing heavily compressed margins,” he added.
PS production was running as low as 50% at some competitor European PS assets in December, to accommodate weak demand.
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