Overview

• Operations at Gladbeck will continue until a formal shutdown date is set, affecting all 279 employees.
• Ineos announced plans for a temporary shutdown earlier this year under pressures of low phenol demand.
• Production will be consolidated at its Antwerpen phenol facility to sustain output levels.
• Established in 1954, the Gladbeck plant has an annual capacity of approximately 650,000 tons of phenol and aceton.
• The closure underscores Europe’s challenge in remaining competitive against Chinese imports in the face of global oversupply.