Celanese considers closure of France, Spain acetyls units

04 November 2013 13:49  [Source: ICIS news]

LONDON (ICIS)--US-based chemicals producer Celanese said on Monday that it is to launch a consultation on the potential closure of an acetic anhydride facility in France and a vinyl acetate monomer (VAM) facility in Spain after failing to find a buyer for the sites.

The company has informed employee delegates at the sites – in Roussillon, France, and Tarragona, Spain – that it is to launch an information and consultation process on the potential shuttering of both plants.

Celanese had announced on 22 May that it was seeking buyers for both the 34,000 tonne/year acetic anhydride facility and the 200,000 tonne/year VAM facility, hiring consultant JH Lillian & Co to assist in a sales process.

“To date, no credible buyers have been identified and no offers for acquiring these facilities were made,” the company said, adding that it is to begin a consultation process with local employee representatives on how to mitigate the social impact of the mooted closures.

According to the company, the decision has been prompted by a decision to focus on more integrated production sites.

“This action is initiated to safeguard the competitiveness of the Celanese acetyl business. The need for these contemplated projects emerged from an assessment of Celanese’s overall corporate strategy, which included an assessment of the company’s global manufacturing facilities,” Celanese said in a statement.

“Specifically, in support of the company’s acetyl portfolio, the manufacturing footprint strategy favours integrated production sites that provide critical economies of scale,” the company added.

By: Tom Brown
+44 208 652 3214

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