Altuglas International to centralize and consolidate PMMA Sheet business in Europe

02-Jul-09

Altuglas International, a fully owned subsidiary of the Arkema Group and a world leader in PMMA (acrylic glass), plans to restructure PMMA Sheet business in Europe. This includes centralising extruded sheet production in accordance with the requirements of major commercial partners, and improving the efficiency of cast-sheet logistics. The plans would result in the loss of 76 jobs at the Bernouville site in France. "Following on from the acquisition of the Repsol PMMA business in 2008, these plans form part of the growth strategy for Altuglas International," said Christophe de Saint Louvent, President of Altuglas International. Under these proposals, Altuglas International would invest in a new logistics platform at its Saint-Avold site in France, which would allow increased capacity for storage and preparation of cast sheet, to simplify and shorten delivery routes. While centralizing production for extruded PMMA sheet business, Altuglas International would retain its most modern production lines. These proposals are subject to the legal process of information and prior consultation with bodies representing staff.