Home / Knowledge / News / Textiles / SABIC plans to close Aromatics & Paraxylene units
SABIC plans to close Aromatics & Paraxylene units
17
Jul '08
SABIC Europe announced plans to re-structure its Aromatics operations based on Teesside, UK following a wide-ranging review of the long-term viability of the business.

The plans involve closure of the Aromatics 2 unit at the SABIC UK Petrochemicals North Tees Site near Seal Sands and the Paraxylene plant at the Wilton Site near Redcar. The plans also include an upgrade of the remaining Aromatics 1 plant at North Tees.

The economics of the units planned for closure have become unviable and have forced SABIC Europe to face up to this difficult decision.

The aim of the proposed way forward is to bring the total SABIC UK Petrochemicals site operational and commercial performance to a sustainable level.

Due to the closing of the plants, SABIC Europe will be restructuring its Aromatics product portfolio. David Hughes, Business Unit Director Aromatics & Oxygenates: "We recognize the impact of our actions on the European Market for our products.

We will be working with our customers and suppliers over the coming weeks and in order to allow these discussions to start, we make this announcement at this early stage."

"On Teesside, SABIC UK Petrochemicals remains fully committed to its Olefins Cracker operations at Wilton and Cyclohexane production at North Tees.

The current construction of the new world scale Low Density Polyethylene (LDPE) plant and a possible upgrading of the Aromatics 1 plant are important factors in helping to underpin this." concludes Hughes. In addition, SABIC Europe continues to operate its ongoing Aromatics business in the Netherlands.

The proposed closure of the Aromatics 2 and Paraxylene units is expected to affect approximately 200 operational and support positions.

The main impact of this will be at the manufacturing facilities on Teesside, but the numbers also include some job reductions in SABIC Europe's support functions in The Netherlands. A clearer idea of job numbers will be known once the full details of the restructuring plans are worked out.

Saudi Basic Industries Corporation (SABIC)


Must ReadView All

Apparel/Garments | On 30th Apr 2016

Britain keen on new ventures in textiles and garment

British High Commissioner to India Sir Dominic Asquith, has said that ...

Apparel/Garments | On 30th Apr 2016

‘India’s apparel sector needs to revisit policies’

Apparel Export Promotion Council (AEPC)’s Additional Secretary...

Textiles | On 30th Apr 2016

Bangladesh spinners wary of another gas price hike

Bangladeshi cotton spinners have expressed concern that they may lose ...

Interviews View All

Nick Preston
Hardy Amies

What are the popular apparel fashion trends in UK? Why do you think is the ...

Jeff Dixon
Navis Global

What is the most challenging aspect of textile finishing machinery...

Christina Dean
Redress

How do you see the market for sustainable fashion in the near future? Has...

Carlos Richer
Richer Investment

Mr. Carlos Richer is the Director of Richer Investment, Diaper Consulting...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Drew Walker
AGY Holding

<i><b>Drew Walker, </b>CEO of AGY says “our main competition in China is...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search