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 31st Aug 2016

Pakistan expected to produce 13mn cotton bales this season

Pakistan is expected to produce around 13 million bales of cotton in...

Textiles | On 31st Aug 2016

SGGS & DKTE ink MoU on sharing academic knowledge

Nanded based Shri Guru Gobind Singhji Institute of Engineering and...

Courtesy: Amazon

Apparel/Garments | On 31st Aug 2016

Amazon India unveils new fulfilment centre in Jaipur

Amazon India unveiled a new urban fulfilment centre in Jaipur which...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
August 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search