Evonik to close plants at Munchsmunster, over 100 jobs hit

05 November 2009 16:30  [Source: ICIS news]

TORONTO (ICIS news)--Evonik plans to permanently close two idled German facilities within its agrochemicals and polymer additives business because of weak demand, the specialty chemicals major said on Thursday.

The closure of the previously idled plants at the Munchsmunster chemical park in Bavaria would affect over 100 jobs, Evonik said.

The plants, which produce cyanuric chloride and acetoncyanhydrin, were no longer viable because of declining demand in the wake of the global economic crisis, the company said.

Even as the crisis subsided, Evonik did expect to see a sustained improvement in demand, it added.

Capacity information was not disclosed.

The units were idled at the end of 2008 and the affected workers had been on short-time work since early this year, the company said.

Staff had been informed in June about a possible permanent closure, it added.

Evonik had prepared a “social plan” to help affected staff find employment within the Evonik group or at other firms, it said.

The company also has hop and tea extraction operations at Munchsmunster. Production at those facilities, which employ about 40 workers, was not affected, it said.

For more on Evonik visit ICIS company intelligence
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By: Stefan Baumgarten
+1 713 525 2653



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