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Elementis closes plant in West Virginia

November 23/2020

MOSCOW (MRC) -- Elementis (London, UK) has announced the closure of its production plant at Charleston, West Virginia, effective 20 November, said Chemweek.

The decision will result in about 30 job losses. The closure follows a review of Elementis's North American manufacturing operations to improve efficiency and capacity utilization, the company says. Production will be consolidated at Elementiss plant at St. Louis, Missouri, it says.

The company says that the closure underpins the delivery of a previously announced $10 million of annualized supply-chain savings. Elementis has accelerated these savings by a year to start from 2021, which means that one-off cash costs of approximately USD5 million will be incurred in 2021, it says.

As MRC informed earlier, Elementis (London, UK) says it has committed to reducing waste by 10%, water usage in operations by 10%, increasing energy efficiency by 20%, and reducing greenhouse gas emissions by 25% by 2030, as part of its environmental sustainability goals.

We remind that Russia's output of chemical products rose in September 2020 by 6.7% year on year. At the same time, production of basic chemicals increased by 6.1% year on year in the first nine months of 2020, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-September output. Last month's production of primary polymers decreased to 852,000 tonnes from 888,000 tonnes in August due to shutdowns in Tomsk, Ufa and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes over the stated period, up by 16.4%  year on year.

Elementis plc is one of the UK's largest speciality chemicals business. The Company comprises three businesses: Specialty Products, Surfactants and Chromium. Both Specialty Products and Chromium hold leading market positions in their chosen sectors. Elementis employs over 1,200 people at more than 30 locations worldwide.
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry.
Category:General News
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