February 24 (polimerica.eu) -- The chemical group has taken the decision to adjust UK PVC output in line with market demand, which has declined steadily over recent years.
Ineos ChlorVinyls intends to cease production at its PVC plant at Barry (Wales) and continue to supply customers from its other PVC plants at Runcorn (Cheshire) and Newton Aycliffe (County Durham). Completion of the consolidation is expected to take place by the end of Q2 2010 latest.
A period of consultation will now commence with Trades Unions and employee representatives. The Company aims to deliver the plant closure with minimum loss of any permanent employees by offering staff alternative employment at other Ineos sites.
⌠The consolidation of our PVC operations will underpin security of supply to our UK customers whilst at the same time delivering an improved cost base - said Geir Tuft, Business Manager -.Streamlining our asset structure in the UK will allow us to concentrate on sites that will deliver long term growth and value to the business.
Ineos is a petrochemical group.
In Russia Ineos's interests are represented by Ineos Polyolefins and IneosChlorVinyls.
The share in the Russian market in 2008:
PVC - 4.5%;
polyethylene - 1.9%
(HDPE - 2.8%, LDPE - 1.2%);
polypropylene - 1.4%
(PP-random - 22.1%, PP-impact - 2.0%);
polystyrene - 0.9%.
Imports by polymers processing technologies: