LyondellBasell to Close Two PP Production Lines in Wesseling, Germany
ROTTERDAM, Netherlands, January 09, 2012 –LyondellBasell (NYSE: LYB) today announced that it will shut down two polypropylene (PP) lines in Wesseling, Germany, by mid-2012. The lines, with a combined capacity of 90 KT per year, are among the company’s smallest and oldest PP production units.
“We continue to focus on reducing costs to maintain our competitive position in Europe,” said Bob Patel,, Senior Vice President, Olefins & Polyolefins, Europe, Asia and International. “We have sufficient capacity to meet the needs of our customers in Europe from our larger scale facilities.”
LyondellBasell produces PP at eight sites in Europe including facilities in Germany, France, Italy, Spain and the United Kingdom.
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LyondellBasell (NYSE: LYB) is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 58 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. More information about LyondellBasell can be found at www.lyondellbasell.com.
For information, contact:
Media – Andreas Anker, +49 22 3672 1595 or
andreas.anker@lyondellbasell.com
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