Dow Australia Announces Shutdown of Altona Polystyrene Plant
Jan 23, 2007
SINGAPORE -- Dow Chemical (Australia) Limited announced the shutdown of its polystyrene facility in Altona with immediate effect.
"The closing of the Altona polystyrene plant was a difficult decision, but reflects Dow's commitment to maintain the competitiveness of its operations across every business and geographic region," said John Williamson, Sales Director for Dow Australia’s Plastics business. "Having been unable to secure a long-term, economically sustainable supply of styrene monomer for the Altona facility, this decision is unavoidable."
Dow will supply the Australian and New Zealand markets from its polystyrene plants in Asia and maintain local sales and technical support for customers in Australia-New Zealand.
The polystyrene plant at Altona has a capacity of 35,000 metric tons annually and employs 17 people.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
