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November 7, 2007

Clariant to stop production in Coventry

COVENTRY -- Clariant Corp., makers of specialty chemcials, will stop production at its Coventry plant by the end of next year, putting about 120 workers out of jobs, the company announced today.

The company will keep the North American headquarters for its pigments and additives division at the site, the company said.

The company employs at total of about 200 people at the site, including manufacturing, sales, marketing, manufacturing support and technical functions.

The Coventry site makes pigments used in coloring paints, inks, plastics and coatings for the automotive industry.

The company will transfer production of the Coventry plant's products to facilities in Germany and Mexico.

The company says it will offer serverance packages to affected employees. It will also offer them help in finding new jobs and continue insurance coverage.

The decision announced today was part of Clariant's update on strategic initiatives and release of third-quarter financial results. Clariant, based in Switzerland, announced in November 2006 its target of closing approximately 10 percent of its 120 sites worldwide.

Posted by Jack Perry  at 10:09 AM | Permalink

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