Solvay suspending production, cutting jobs
Published: September 16,2010
BAY ST. LOUIS — Solvay Advanced Polymers, LLC, is suspending production at its facility in Bay St. Louis that makes the plastic PrimoSpire SRP (self-reinforced polyphenylene) in order to refocus its people and assets on research and development to fully commercialize the product.
The move will eliminate 14 positions at the site while retaining five R&D positions and transferring another five employees to other facilities and sites within the company.
“We see great opportunity for PrimoSpire SRP in a multitude of industries and applications and are committed to funding its development,” said Chris Wilson, senior vice president for ultra polymers at Solvay. “This strategic business decision will focus assets and personnel on refining and improving the process technologies necessary to realize PrimoSpire’s full commercial potential.
“We regret the impact this move will have on affected employees and the community.”
Solvay said it would offer severance packages and comprehensive outplacement services to affected employees. In addition, the company will continue talks with some affected employees about other opportunities within the company.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jackson’s Landmark Center slated for mixed-use conversion
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- Race to the pump: Feds appear ready to beat state on new gas taxes
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Challenging times ahead for Pearl’s manufactured home residents, apartment complex owners
- Irby commits suicide after wife's prison release
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Senate transportation chair seeks emergency money for roads, bridges
- 3 dozen groups OK'd for Miss. specialty car tags