Recticel mulls UK foam conversion unit closure

15 April 2013 17:22  [Source: ICIS news]

LONDON (ICIS)--Recticel is considering the closure of a foam converting factory in Lancashire as part of a move to streamline its UK operations in the sector, the Belgium-headquartered company said on Monday.

Run by the company’s Recticel Limited (UK) subsidiary, the Nelson, Lancashire-based plant could potentially be closed before the end of the third quarter of 2013, Recticel added.

If a decision is taken to close the plant, its activities would be integrated into the conversion capacities of its Alfreton plant in the Midlands region of the UK. Costs would be noted in the company’s results for the first half of the year.

All 95 of the Nelson plant’s employees would face redundancy if the plant was to close. Recticel is to launch a conversion period in the near future, which will include potential options for Nelson employees to move to other parts of the company’s UK operations in the event of a closure.

Recticel currently employs 485 people in its UK flexible foams division.

By: Tom Brown
+44 208 652 3214

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