COLOMBES, France--(Business Wire)--
Regulatory News:
Arkema (Paris:AKE) has presented to its Balan facility`s trade union
representatives a plan to shut-down a 30,000 ton PVC production unit on the site
in order to strengthen the competitiveness of its Balan plant (France).
The Balan facility has currently three PVC production units with a 325,000 ton
overall capacity. The oldest and smallest of these three units, with a 30,000
ton/year annual capacity, will be closed down, while the two remaining plants
will be modernized in order to further improve their productivity.
The implementation of this plan, in the 2nd quarter 2010, would entail the loss
of 9 positions. Each employee whose position would be made redundant would be
offered another position on the Balan site.
A global chemical company and France`s leading chemicals producer, Arkema
consists of three businesses: Vinyl Products, Industrial Chemicals, and
Performance Products. Arkema reported sales of 5.6 billion euros in 2008. Arkema
has 15,000 employees in over 40 countries and six research centers located in
France, the United States and Japan. With internationally recognized brands,
Arkema holds leadership positions in its principal markets.
ARKEMA
420, rue d`Etienne d`Orves -
F-92705 COLOMBES Cedex
Standard : +33 (0)1 49 00 80 80 - Fax : +33 (0)1 49 00 83 96
Société anonyme au capital de 604 549 730 euros
445 074 685 RCS Nanterre
www.arkema.com
Arkema
Investor Relations:
Sophie Fouillat
Tel. : +33 1 49 00 86 37
E-mail : sophie.fouillat@arkema.com
or
Jérôme Raphanaud
Tel : +33 1 49 00 72 07
E-mail : jerome.raphanaud@arkema.com
or
Press Relations:
Sybille Chaix
Tel. : +33 1 49 00 70 30
E-mail : sybille.chaix@arkema.com
Copyright Business Wire 2009
