Tag Archives | Artenius

Artenius UK sold to KP Chemicals

It seems our sources were right (see last entry)! Administrators Deloitte yesterday confirmed that its assets have been sold to KP Chemical Corporation subsidiary Lotte Chemical UK. The PTA and PET assets at Wilton will give KP a manufacturing base in Europe, which could be fantastic news for them if markets improve. PET and PTA […]

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KP Chemicals nears deal for Wilton Artenius assets

South Korea’s KP Chemicals will buy the PTA and PET assets of bankrupt Artenius UK at Wilton, northeast UK within the next few weeks, a source familiar with the deal has told me.Journalists at ICIS have been working hard to get KP Chemicals or people from Artenius’ administrators, Deloitte, to confirm strong market rumours over […]

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Another blow for Teesside chemicals; more Artenius layoffs

More workers at the Wilton, Teesside chemical site were laid off last week after administrators Deloitte decided to mothball the PET plant belonging to Artenius, the UK division of La Seda de Barcelona which is cutting costs.A further 58 workers have been axed from a Teesside chemical plant which went into administration last month, according […]

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Artenius Wilton workers lobby in Spain

Beleaguered workers from the Artenius site at Wilton, Teesside, are going to Spain in the hope of convincing parent company La Seda de Barcelona’s shareholders that this site is worth saving.The blog is not convinced: the Artenius PTA plant relied on Sabic’s aromatics unit at Wilton for paraxylene feedstocks. This site closed at the end […]

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