02/23/2011

www.gupta-verlag.de/polyurethanes

Recticel to restructure its Flexible Foams business in Spain

According to the company, over the last three years, the economic crisis in Spain has had a severe impact on the flexible foams market in Spain. As a result of this, Recticel Spain has lost 20 % of its volume for comfort applications between 2007 and 2010; while the installed capacity in the overall Spanish market exceeds market needs by 40 %.

Recticel Spain therefore announced the following measures :The closure of the plant in Legutiano - Alava;The closure of the Comfort converting production activity in the plant of Santa Perpetua de Mogoda - Barcelona;The closure of Transfoam - Valencia, producing parts in polyurethane for comfort/furniture applications; andThe reduction of a significant number of central positions.In total this restructuring plan will lead to the lay off of about 90 employees on a total of 242 people employed in Recticel's Flexible Foams' activities in Spain. Further information will be announced in March 2011, says Recticel.

www.gupta-verlag.de/polyurethanes