Send
Print
“Elevated energy costs in Europe, along with stringent CO2 tax regulations, have rendered Europe less competitive compared to imported Chinese goods and a worldwide surplus,” the company stated.
The date for the plant's closure will be revealed later.
Ineos emphasizes that “Europe's uncompetitive stance has already resulted in the exit of multiple phenol and acetone clients (...) and domestic demand can no longer sustain the Gladbeck facility, which started in 1954 and needs considerable future funding."
The Gladbeck INEOS Phenol facility can produce 650,000 tons annually, employs 279 individuals, and indirectly sustains over 1,500 jobs.
Phenol and acetone are utilized in making car headlights, resins for printed circuit boards for wind turbine blades, resins for crafting automobile brake pads, and solvents in the manufacturing sector.
source: dw.de
The date for the plant's closure will be revealed later.
Ineos emphasizes that “Europe's uncompetitive stance has already resulted in the exit of multiple phenol and acetone clients (...) and domestic demand can no longer sustain the Gladbeck facility, which started in 1954 and needs considerable future funding."
The Gladbeck INEOS Phenol facility can produce 650,000 tons annually, employs 279 individuals, and indirectly sustains over 1,500 jobs.
Phenol and acetone are utilized in making car headlights, resins for printed circuit boards for wind turbine blades, resins for crafting automobile brake pads, and solvents in the manufacturing sector.
source: dw.de
