LyondellBasell to close two PP production lines in Wesseling, Germany

LyondellBasell (NYSE: LYB) today announced that it will shut down two polypropylene (PP) lines in Wesseling, Germany, by mid-2012. The lines, with a combined capacity of 90 KT per year, are among the company's smallest and oldest PP production units.

"We continue to focus on reducing costs to maintain our competitive position in Europe,” said Bob Patel, Senior Vice President, Olefins & Polyolefins, Europe, Asia and International. "We have sufficient capacity to meet the needs of our customers in Europe from our larger scale facilities.”

LyondellBasell produces PP at eight sites in Europe including facilities in Germany, France, Italy, Spain and the United Kingdom.