The performance products division of Huntsman plans to close
its commodity surfactants plant in Patrica, Italy, the
company announced on Thursday.
It is expected that all site activities will cease by the end
of October 2014.
Last October, the company stated that it was transitioning
away from a number of surfactant assets and product lines in
that had become
commoditized and would focus instead on developing and
growing the remaining differentiated surfactants businesses
in Huntsmans chosen strategic markets.
Huntsman has also signed an agreement to sell its Europe
an commodity surfactant
business to Wilmar International, which includes
Huntsmans ethoxylation facility at Lavera, France, and
additional sulphated chemicals capacity from two of
Huntsmans other Europe
an surfactant plants in St.
Mihiel, France and Castiglione delle Stiviere, Italy.
That deal is expected to close in about three months, subject
to completion of national regulatory procedures.
We regret to announce this planned closure of Patrica
but the increasing lack of profitability of this sites
products together with the absence of an appropriate buyer
has left us with no choice," said Stu Monteith, president of
Huntsmans performance products. "We very much regret
the impact on the sites 74 employees but we are
committed to treating everyone with dignity and respect and
to provide support.
Huntsman will now be entering into the consultation process
with employee representatives and regulatory authorities. A
detailed transition plan is being put in place for customers