Industry News

Dow Announces Decision to Close Priolo, Italy Production Facility

Published on 2004-04-02. Author : SpecialChem

- April 01, 2004

The Dow Chemical Company announced today that it will close its Polyols, Propylene Glycol (and derivatives) and Ethylene Oxide facility in Priolo (Siracusa), Italy. The facility has been idle since January, 2003 due to challenging market conditions.

"To remain competitive, Dow must continually optimize its production capabilities around the globe and operate only those facilities that meet requirements for efficiency, raw material integration and overall cost-competitiveness," said Pat Dawson, Dow business vice president, Polyurethanes and Thermoset Systems.

The decision by Dow in 2003 to idle the Priolo facility coincided with Syndial's (formerly EniChem) idling of propylene oxide and chlorine production -- key raw materials for the Dow Priolo facility. After the facility was idled, production was transferred to other Dow locations.

"Given the decision to close the Priolo facility, we will work very hard to minimize the social impact," said Flavio Terruzzi, President and Managing Director, Dow Italy. "We will carefully assess opportunities for employee relocation, early retirement and support specific needs as appropriate."

The Priolo facility has 59 employees and was included in the Dow acquisition of Enichem's polyurethanes business in 2001. Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $33 billion, Dow serves customers in more than 180 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its approximately 46,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: The Dow Chemical Company

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