Home / Knowledge / News / Textiles / DEP to close three production facilities

DEP to close three production facilities

18
Dec '08
The Dow Emulsion Polymers Business has announced that it will permanently close three of its manufacturing facilities in King's Lynn (United Kingdom), Varennes (Canada) and Pittsburg (United States). These facilities were already idled during the 2nd half of 2008 and were producing latex for the paper and carpet industry. After extensive analysis of the economic outlook and financial feasibility, it was decided not to re-start production at these facilities.

"This decision follows a thoughtful and prudent cost-benefit analysis taking into consideration the latex business and rapidly changing market conditions, such as the competitiveness of the raw material position, the small scale and the age of the facilities as well as the outlook for the global latex market," says Philippe Raynaud de Fitte, General Manager Dow Emulsion Polymers. "In combination these factors mean that the production of latex in the three impacted locations is no longer economically viable. However, with 14 production facilities worldwide, Dow Emulsion Polymers intends to remain a global leader in the latex industry."

After the idling of the assets, Dow was able to re-deploy most of the impacted employees within the company. The business will look at the most cost effective way to dispose of the assets.

Dow Emulsion Polymers (DEP) provides the broadest line of latex products and services supporting customers in the paper/paperboard and carpet markets. With 14 manufacturing facilities worldwide, Dow is the largest supplier of latexes.

Dow Chemical Company


Must ReadView All

Pic: Shutterstock

Retail | On 20th Oct 2021

Sept US retail sales up as goods spending preferred over services: NRF

US retail sales rose again in September as worries about the COVID-19 ...

Pic: DOST-PTRI Research and Development

Textiles | On 20th Oct 2021

Philippines scientists develop greener tech to produce bamboo fibres

Scientists in Philippines have developed greener technologies to...

Pic: Shutterstock

Textiles | On 19th Oct 2021

11 European nations seek ambitious measures to tackle waste in textile

Eleven European countries—Austria, Belgium, Denmark, Finland, France, ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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

Leave your Comments


October 2021

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


Advanced Search