Italian materials supplier Radici Group's high performance polymers division is consolidating its operations in Europe with the closure of its production plant in the Netherlands.
In a May 7 statement, the nylon and engineering plastics maker said the industrial activities of Radici Plastics BV, in Born, the Netherlands, would be reallocated to its other European plants, as part of an efficiency improvement plan for its European operations.
"The objective is to further improve competitiveness in the market, also in the face of the continued slowdown in Europe, particularly in the automotive sector," the company said.
The move aims to optimise the services and results of the business area in response to market challenges.
The company is currently in talks with union representatives. No closure timeline has been announced.
Radici Group has a vertically-integrated nylon production system, which includes eight plastics production facilities Europe, China, Brazil, the U.S. and Mexico.
The facilities in Europe include two sites in Italy, one in Germany and one in the Netherlands.
Radici plastics products are used in the automotive, electrical/electronics, household appliance, construction and industrial applications.