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SUNOCO TO CLOSE LA PORTE, TEXAS POLYPROPYLENE
LINE
TO OPTIMIZE OPERATIONAL EFFICIENCIES
PHILADELPHIA, May 8, 2002 -- Sunoco, Inc. today announced that
Sunoco Chemicals, a business unit of Sunoco, will permanently shut
down a 200 million pound-per-year polypropylene line at its La
Porte, TX plant during the third quarter of 2002. The La Porte plant
operates three lines and produces one billion pounds per year of
polypropylene. Currently Sunoco Chemicals operates six polypropylene
lines company-wide with an annual production capacity of 2.3 billion
pounds.
Sunoco Chemicals has made a concerted effort to optimize the use
of both the assets acquired from Aristech Chemical and those for
which it recently assumed management responsibility from Epsilon
Products. These efforts along with this shutdown will allow for
operational efficiencies benefiting the organization and the
customers it serves. The remaining capacity, which is in excess of
2.0 billion pounds per year, will allow Sunoco to remain a top-five
polypropylene producer in North America.
Bruce G. Fischer, senior vice president of Sunoco said,
"Sunoco is taking this action because current trends in the
markets for polyolefins have made it prohibitive to produce products
on older assets with high conversion costs. Sunoco remains committed
to the polypropylene business in North America, and as a result of
this action will be better positioned for growth in the
future."
In addition to the La Porte facility, Sunoco Chemicals’
polypropylene plants are located at Neal, WV and Marcus Hook, PA. A
Technology & Commercial Center located in Pittsburgh, PA is
dedicated to product development and technical support for Sunoco’s
polypropylene business.
Sunoco, Inc. (NYSE: SUN), headquartered in Philadelphia, is a
leading manufacturer and marketer of petroleum and petrochemical
products. With 730,000 barrels per day of refining capacity, over
4,150 retail outlets selling gasoline and convenience items,
interests in over 10,000 miles of crude oil and refined product
pipelines and 35 product terminals, Sunoco is one of the largest
independent refiner-marketers in the United States. Sunoco is a
growing force in petrochemicals with over nine billion pounds of
annual production capacity, largely chemical intermediates used in
the manufacture of fibers, plastics, film and resins. Utilizing a
unique, patented technology, Sunoco also manufactures two million
tons annually of high-quality blast furnace coke for use in the
steel industry.
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