08 July 2009 15:14 [Source: ICIS news]
TORONTO (ICIS news)--Celanese expects to stop all production of acetic acid and vinyl acetate monomer (VAM) at its site in Pardies, France, by December, the US-based chemicals major said on Wednesday.
The announcement follows an agreement Celanese reached with the site’s works council, it said.
Closure expenses for Pardies were around $90m-100m (€65m-72m), which Celanese would record in the second half of 2009, it said
The Pardies site has capacities of 450,000 tonnes/year of acetic acid and 150,000 tonnes/year of VAM.
($1 = €0.72)
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