Industry News

Dow announces plan to close Polystyrene plant in Bilbao

Published on 2009-06-03. Author : SpecialChem

Horgen, Switzerland -- The Dow Chemical Company announced that it will permanently close its Polystyrene plant in Bilbao, Spain, during the third quarter of 2009.

"The closure of the Bilbao plant was a very difficult decision for Dow to take, but it reflects the reduced demand and depressed margins for Polystyrene in Europe," said Peter Whitmore, Business Director for Styrenics. "Dow will increase the operating rates of Dow's remaining European Polystyrene plants to maximize the continuity and quality of supply to the customers. The Dow local representatives will remain close to our customers during this period."

About Dow

With annual sales of $58 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: Dow

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