Leuna Polyamid GmbH will close its plant in East Germany next month after an overhaul and state aid failed to save the facility. The closure adds to a growing list of European chemical plant shutdowns.
The plant had been operating at reduced rates in recent months, and market sources indicated that it had been sourcing feedstocks only through prepayments, leading to low volume output. The closure affects employees at the site and has implications for the regional supply chain.
The decision reflects the broader structural crisis facing European chemical producers, who are grappling with high energy costs, weak demand and global overcapacity.
