Tag Archives | La Seda de Barcelona

La Seda de Barcelona announcement today?

There are rumours in the market that troubled PET producer La Seda de Barcelona may have breached its bank covenenants with an announcement due out today (6 October).These are unsubstantiated rumours so I’d love to hear from anyone who can tell me if this is true or false. Please contact me by e-mail at will.beacham@icis.comShares […]

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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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La Seda Wilton plant to close

Another plant is to close at the beleaguered Wilton, Teesside, chemical site, according to ICIS news. I’m researching an article on chemical sites and clusters in the downturn, and have been focussing on Wilton.It has suffered recent closures of Dow’s ethylene oxide plant as well as Invista’s adipic acid plant. Sabic closed its aromatics unit […]

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