LyondellBasell is considering closing one of its polypropylene production units in Brindisi, Italy due to financial reasons. The company is consulting with trade unions to manage potential redundancies and is committed to supporting affected employees. The closure is part of a strategic move to strengthen the company's position in higher value markets.
MILAN -- LyondellBasell today started consultations with territorial trade unions for the management of potential redundancies in relation to the intended closure of the one of its two polypropylene production units at its Brindisi location in Italy.
"After thorough analysis, we believe that closure of this unit is the most sustainable solution from a strategic and financial standpoint,” said Jim Guilfoyle, senior vice president Olefins and Polyolefins EAMEI of LyondellBasell. “We understand the intended closure may impact some of our employees. We are committed to discuss solutions with unions and social parties to support them in the best way possible. The supply to our customers will continue.”
Guilfoyle added, “This unit is the oldest of its kind in the world and it has become uncompetitive. The market environment for our polypropylene products of this Brindisi unit has become increasingly challenging, and the outlook provides little improvement. The intention of our group is to strengthen the position of the company's other assets in higher value markets.”
LyondellBasell’s Brindisi, Italy site produces materials for the production of textiles, food packaging, and other applications.