Europe’s top stories: weekly summary

23 September 2013 09:00  [Source: ICIS news]

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 20 September 2013.

Job cuts at Arkema Chauny site as production ceases in Mar 2014
A total of 71 jobs are to be lost at the Chauny, France, site of specialty chemicals producer Arkema following a decision to cease production at the site in early 2014, a company spokesperson confirmed on Friday.

Finance needed to avert Grangemouth petchems plant closure: INEOS
Swiss-headquartered INEOS on Thursday confirmed it will close its Grangemouth petrochemical plant in the UK by 2017 unless it can stop the facility from losing money and obtain the necessary investment to secure shale gas feedstock supply.

Germany's LANXESS 2013 EBITDA to fall to €700-800m, says CEO
The CEO of LANXESS on Wednesday said the Germany-based specialty chemicals company's earnings are likely to be significantly lower this year than in 2012 as a result of weak polymers demand and a sluggish European recovery.

EU Jan-Aug new passenger car registrations at lowest ever level
EU new passenger car registrations for January-August this year are at their lowest-ever level for this period, declining by 5.2% year on year, an industry body said on Tuesday.

Arkema to discuss closure of Chauny PA, DOP plant
Arkema's management is to convene this week to discuss the closure of its dioctyl phthalate (DOP) and phthalic anhydride (PA) production facility in Chauny, France, a spokesperson for the company said on Monday.

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By: Staff Reporter
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