Momentive Specialty Chemicals Inc. Announces Planned Closure Site in Leuna
This action will better align European market demand for forest products with Momentive’s existing assets. The Company intends to cease production at the Leuna plant by June 30, 2012.
“We remain committed to serving the European forest products market from our other sites and are well positioned to do so with our existing Momentive assets,” said George Gallacher, Vice President and Managing Director of Momentive’s European Forest Products business.
“The decision to close the Leuna plant is not easy for us, but is an unavoidable action that will allow us to maintain a competitive and profitable cost structure for our European Forest Products business in the future,” said Dale Plante, Executive Vice President and President – Forest Products Division.
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