24 September 2012 21:56 [Source: ICIS news]
HOUSTON (ICIS)--INVISTA will cease production of dimethyl terephthalate (DMT) at its Wilmington, North Carolina, plant in the US when customer contracts expire at the end of 2013, spokesman Greg Standifer said on Monday.
The company is eliminating its North American DMT operations as a result of a decline in US market demand as more customers prefer purified terephthalic acid (PTA).
The decision will not affect its DMT production in Gersthofen, Germany, INVISTA said.
The Wilmington plant will remain open as a manufacturer of Terate HT polyols, a new type of aromatic polyester.
INVISTA did not say how many employees this would be affected by the action. The company said it was making the announcement 15 months prior to halting production to prepare them, as well as contractors, customers and site tenant companies.
“We are still determining specifics of the restructuring, and it would be premature to discuss specific details about employment,” Standifer said. “By this time next year, we expect to have a better understanding of these details.”
INVISTA operates in North America, South America, Europe and Asia.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections