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

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Pratik Bachkaniwala
Palod Himson Machines

Anshul Sood
Oceedee

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search