Sector News

Yara announced plan to cease operations at its Pardies site in France

March 22, 2017
Chemical Value Chain

“We regret to inform our employees and other stakeholders that we are considering closing the Yara Pardies plant and seeking buyers interested in taking over the plant. I would like to assure our employees that the cessation process will be handled in a respectful and professional way, and in accordance with the relevant union agreements,” said Svein Tore Holsether, President and Chief Executive Officer of Yara.

“This process is part of our on-going efforts to strengthen Yara’s long-term competitiveness, including in France which remains a key market for Yara, with more than 2.5 million tonnes of product delivered and EUR 73 million invested in 2016,” said Holsether.

The Pardies operations suffer from limited scale, raw material integration and export competitiveness. The closure in 2010 of a nearby industrial operation deprived the Yara Pardies plant of many synergies that existed between the two plants, forcing Yara to close the ammonia production unit at the site. Yara has subsequently impaired the Pardies assets in both 2015 and 2016.

The Yara Pardies plant has 85 employees and an annual production capacity of approximately 100,000 tonnes of technical ammonium nitrate.

Source: Yara

comments closed

Related News

January 29, 2023

Dow and 3M cut thousands of jobs

Chemical Value Chain

3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.

January 29, 2023

Sweden discovers Europe’s largest rare earths deposit

Chemical Value Chain

Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.

January 29, 2023

Avantium to supply Henkel with plant-based FDCA

Chemical Value Chain

Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).

How can we help you?

We're easy to reach