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Article: The cost of closure; Eaglescliffe closure puts Elementis in red.
- Article from:
- Evening Gazette (Middlesbrough, England)
- Article date:
- August 3, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By JEZ DAVISON jez.davison@eveninggazette.co.uk
THE closure of the Eaglescliffe chromium plant last month has cost its owner almost pounds 30m, it was revealed this morning.
In a trading statement, Elementis said a one-off charge of pounds 27.7m to shut the plant, pictured - the last chromium plant in the UK - had contributed to an overall pre-tax loss of pounds 30.2m ...