Rain Carbon to Close Netherlands Resins Facility in 2020

/ -- Rain Carbon Inc., a leading global producer of carbon-based products, today announces its Board of Directors has approved the shutdown of its Uithoorn resins production facility in the Netherlands by the end of March 2020.

"In light of eroding profitability for hydrocarbon and C9 aromatic resins, particularly for printing inks and adhesives, our subsidiary RTGERS Resins B.V. will cease production in Uithoorn by the end of the first quarter next year," said Rain Carbon President Gerry Sweeney. "A decision like this is never easy, as it impacts employees, families and the surrounding community," Sweeney added. "However, after an intensive evaluation of available options over the last few quarters, it became clear that continued operation of the plant is not feasible. Increased competition from low-cost resins produced in Asia and the development of alternative products and technologies are reducing demand for the resins produced at Uithoorn."