28 July 2010 11:38 [Source: ICIS news]
LONDON (ICIS)--DIC Corp has denied earlier claims that its performance resins business’s alkyd and varnish resins production unit in ?xml:namespace>
Epoxy resin manufacturer Spolchemie and DIC revealed on 23 July they had signed a joint-venture agreement transferring production of alkyd and varnish resins from DIC’s
At that time, a Spolchemie official said that the DIC plant would close and 200 jobs would be lost.
But a DIC official on Wednesday denied the claims, saying: “We are currently in the process of restructuring; however, the plant will not be closed but rather [focus] on the production of specialty resins.”
The official declined to comment when asked if any part of the plant would close or if any jobs would be lost this year.
A Spolchemie official said: “We cannot comment on DIC internal matters.”
DIC’s performance resins business is a 100%-owned subsidiary of Japan-based DIC Corp.
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