23 February 2010

INEOS ChlorVinyls Announces Intention to Consolidate UK PVC Production

INEOS ChlorVinyls has today announced its intention to further consolidate its UK PVC production.

As the UK's sole producer of PVC, the Company has taken the decision to adjust PVC output in line with market demand, which has declined steadily over recent years.

As a result, INEOS ChlorVinyls intends to cease production at its PVC plant at Barry (Wales) and continue to supply customers from its other PVC plants at Runcorn (Cheshire) and Newton Aycliffe (County Durham).

The Company aims to deliver the plant closure with minimum loss of any permanent employees by offering staff alternative employment at other INEOS sites.  A period of consultation will now commence with Trades Unions and employee representatives. 

Comments Geir Tuft, Business Manager: “The consolidation of our PVC operations will underpin security of supply to our UK customers whilst at the same time delivering an improved cost base.

“Streamlining our asset structure in the UK will allow us to concentrate on sites that will deliver long term growth and value to the business.”

INEOS ChlorVinyls will work closely with customers to ensure a smooth transition to alternative supplies.  Completion of the consolidation is expected to take place by the end of Q2 2010 latest.

ENDS

For further information please contact the INEOS ChlorVinyls Press Office:

Craig Welsh
Telephone: + 44 (0) 1928 511528
Email: craig.welsh@ineos.com