Lotte Chemical closes chemical plant in Wilton, UK cut down 70 jobs

Lotte to close chemical plant in Wilton, UK; cuts 70 jobs

7:44 AM, 5th December 2013
Lotte Chemical business news

WILTON, UK: Korean-based Lotte Chemical will close its Wilton, UK chemical plant and cut down 70 jobs. The company made such a move due to increasing production and energy costs. The company has made pure terephthalic acid (PTA), used in the manufacture of plastic bottles and food packaging, for 40 years.

“Tremendous efforts by the plant teams to reduce costs and run in different operating modes have ultimately not been sufficient to overcome the fundamental lack of competitiveness. The decision to recommend closure has been taken very reluctantly, with great sadness and only after very careful consideration. We will commence a period of statutory consultation with employees to seek ways and means to mitigate the consequences of the proposed plant closure,” said a company spokesman to BBC News.


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