Sabic trims up to 20% of global engineering resin output
Sabic Innovative Plastics LP is cutting production up to 20 per cent at all of its engineering plastics productio...
Sabic Innovative Plastics LP is cutting production up to 20 per cent at all of its engineering plastics production sites worldwide.
According to a Nov. 5 news release, officials with Pittsfield-Penn. based Sabic IP said the move is “a result of significantly softening resin demand caused by the global economic slowdown.”
The firm said it “will communicate further details as appropriate … to optimize the supply chain and to minimize any disruption.” A company spokesman said no further details were available.
The company has not said if any of its approximately 10,500 employees will be affected, nor if there will be any impact to the firm’s structured products business, which includes downstream film and sheet production.
Sabic IP employs 10,500 and ranks as one of the world’s largest producers of polycarbonate, ABS and other engineering resins. In North America, the firm makes PC and other specialty resins in Mount Vernon, Ind.; PC in Burkville, Ala.; and engineering resin compounds in Selkirk, N.Y.; Thorndale, Penn.; and Columbus, Ind.
Globally, Sabic IP’s manufacturing sites include Bergen-Op-Zoom, the Netherlands; Campinas, Brazil; Moka, Japan; and Rayong, Thailand.
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