Vynova Halts Belgian Production Over Energy Costs

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Chemical company Vynova Belgium in Tessenderlo-Ham, Limburg, is going to temporarily scale down and pause production due to the current high energy prices. This was reported by Vlaams Belang MP Dieter Keuten and confirmed by Vynova spokesperson Yannick Brusselmans. The staff were informed of this decision on Tuesday.

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The struggling chemical company Vynova Belgium is going to halt production in Tessenderlo-Ham because electricity and natural gas prices are rising too high. For the 600 employees, this is a bleak sign. The company is undergoing judicial reorganization and must find a buyer in the coming weeks to avoid bankruptcy.

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CHRISTOPHE KETELS / BELGA L'entreprise chimique Vynova Belgium de Tessenderlo-Ham (Limburg) will temporarily suspend its production due to the high energy costs. The information has been confirmed by Vynova's spokesperson, Yannick Brusselmans. The staff was informed of this decision on Tuesday.The suspension will be implemented gradually over the next two weeks. "We are therefore still producing, but the facilities are being phased out," says th…

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Chemical company Vynova is temporarily halting production due to rising energy costs. The company expects energy prices not to fall in the coming months and therefore wishes to limit cash outflow as much as possible. In September, the company was granted an additional three months to find a buyer. A new buyer must be found by December 26 at the latest. In the run-up to this, the company has decided to temporarily halt production due to high ener…