DIC denies report of Vienna plant closure, job cuts

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 Vienna, Austria, will close and result in the loss of 200 jobs, an official with the specialty chemicals group said on Wednesday.

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 Vienna operations to Spolchemie’s site in Usti nad Labem, in the Czech Republic.

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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By: Will Beacham
+44 20 8652 3214



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