The North American company issued a statement this Thursday announcing the cessation of operations. In 2021, they had already tried to close it.
Dow Argentina announced the closure of the polyols and derivatives plant located in Puerto General San Martín, province of Santa Fe. The measure will affect 40 employees who “have already been notified in accordance with current labor regulations.” From the American multinational they assured that The rest of the operations in the country will not be affected.
Through a statement, Dow confirmed this Friday the cessation of the operation and the number of employees who lost their jobs due to the decision, which they explained ”it has nothing to do with the current context of Argentina or the Province of Santa Fe in particular”. And they added: ”The San Lorenzo production unit was operating at low utilization rates as a result of the marked and constant decline in demand for Polyurethanes around the world. Over the past year, the company has also ceased operations at such factories in North America, Europe and Asia.”
”Respect for people and integrity are two of Dow’s core values, which is why The company is accompanying the employees and to whom a package of economic and social benefits will be made available to go through this moment.”, describes the writing.
Finally, they reaffirmed their commitment to “the growth of their ethylene and polyethylene manufacturing production complex in Bahía Blanca, the largest operation in Latin America, where in the last 5 years important investments have been made in projects of growth, reliability , sustainability and improvements, with great expectations to continue investing in the country to continue growing in a sustainable way.”
In 2021 they had already tried to close it
The same plant was about to be closed in mid-2021. At that time, the company had issued a statement with the decision, which ended up taking place three years later: ”This measure is part of the global announcements made by the company on July 23, 2020, regarding the decision to reduce operating expenses and implement a restructuring program that included the closure of assets and manufacturing plants around the world. “In no way is this decision related to the current health context or to specific circumstances in Argentina.”
After the opinion of the National Commission for the Defense of Competition where they ordered the company not to innovate, alter or modify the productive assets it has in San Lorenzo within the framework of an investigation, they informed the Government of the reversal with the closure.
Source: Ambito
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