16 June 2009 09:31 [Source: ICIS news]
MOSCOW (ICIS news)--?xml:namespace>
NPSP shut down its methanol facility because it could no longer afford to sell product well below cost, according to the statement.
NPSP also plans to lay off 1,700 of its 2,200 empolyees by mid-September, the company's human resources director, Natalia Redko, said in the statement.
NPSP, based in
In January 2006, NPSP was sold in a privatisation auction for €9m ($12.3m).
In early 2008, the NPSP was taken over by
In December 2008,
($1 = €0.73)
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