Agg-Net

The Aggregates & Recycling Information Network
Mobile Menu
From the organisers of
 

2020 / 2021 Edition

Order your copy here

Nynas to close continental bitumen business

Nynas to close continental bitumen business

Ongoing problems with profitability result in closure announcement for Nynas NV Continental Europe

NYNAS have announced that they intend to close their Nynas NV Continental Europe bitumen business in early 2015 following problems with profitability in the continental bitumen market over a period of many years.

According to the company, improvement initiatives undertaken in recent years have not managed to generate a sustainable and profitable business case.

Around 40–45 employees in the company’s Bitumen Continental business could be affected by the closure and a consultation process with the unions and employee representative body has been initiated.

If the decision is taken to proceed to a closure, Nynas say they will, as far as possible, aim to mitigate the negative consequences for the affected employees.

Nynas’ bitumen business operated out of the company’s other refineries and depots in the UK, as well as in Northern and Eastern Europe, is not affected by this announcement.

Share this page

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Tirzah