|Published: 2020-06-12 um 13:19 Uhr||Options:|
Domo Chemicals has announced plans to stop and close its line of Biaxally Oriented PA films (BOPA) from Domo in Leuna (Germany), effective from August 2020. Affected employees have been informed and other operations at the Leuna plant will not be impacted by the move. The decision was reached as a result of global overcapacity for nylon films, says the company.|
Attilio Annoni, Managing Director at DFS: "In these extraordinary circumstances of high business volatility, we have opted to continue to focus on quality and flexibility through cautious and smart asset management, rather than reacting with short-term volume strategies."
With the acquisition of Solvay’s European PA66 business at the beginning of this year, Domo Chemicals has become a leading integrated Nylon 6 and 66 player worldwide. Despite the current market slowdown, which is affecting the automotive and other industrial segments served by Domo’s “Polymers & Intermediates” and “Engineering Materials” units, the company remains on course to achieve its global growth objectives. Accordingly, the Italian subsidiary, Domo Film Solutions Spa (DFS), will continue to operate its BOPA and CPA plants in Cesano Maderno. Domo Chemicals also intends to maintain the PA 6 site in Leuna.
Domo’s Nylon Film business remains a key asset. It forms an integral part of the supply chains related to segments such as pharmaceuticals, medical, and food packaging.
More information: www.domochemicals.com
Domo Chemicals, Leuna, Germany