Momentive close manufacturing facility at Czech

Momentive to close manufacturing facility at Czech

3:18 AM, 17th February 2012
Momentive to close manufacturing facility at Czech

COLUMBUS, US: Momentive Specialty Chemicals announced the closure of its site at Pardubice, Czech Republic. This action will better align European market demand for phenolic specialty resins with Momentive’s existing capabilities and assets. Products manufactured at Pardubice will be transferred to other sites within the Momentive network. Manufacturing at Pardubice is scheduled to close on 30 June 2012.

“Today’s announcement is regrettable, but necessary. We are continuously analyzing our European business in a difficult economic climate to make changes that will improve our productivity to further strengthen our competitiveness,” said Marcello C Boldrini, Vice President, Phenolic Specialty Resins, Momentive.

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