Thursday, November 15, 2007

Sterling Chemicals to close styrene plant at Texas

Sterling Chemicals Inc. has decided to shutter its Texas City styrene business and is pursuing other "strategic initiatives" that would allow it to retain many of the styrene plant's employees. The company's acetic acid and plasticizers businesses are not affected by the closure. Closure costs for the plant are estimated at between US$10-15 mln.

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