In response to information published by certain media that caused legitimate concerns at the Carling facility, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) confirms that:
There is no process under way to sell the Société Cray Valley.
Total will respect the commitments made in 2013 during Carling’s restructuring concerning the global C4 resin (Ricon, Krasol) and RW resin (Cleartrac) businesses, which are to continue their development within the Group.
Total reaffirms its commitment to the Carling petrochemical platform and its Region. Since the 2013 investment, the Carling platform has grown by focusing on specialty resins, value-added polymers intended primarily for the automotive industry and by also consolidating its position as Total's main Polystyrene production site in Europe.
In addition, a voluntary economic and social development agreement, signed with the French government, the Grand Est region and local communities, has enabled several third-party industrial projects to be set up at Carling. The four projects, led by the companies Metex, Afyren, SNF Coagulants and Quaron, together represent an investment of €125 million and the creation of 143 jobs at the site.
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