'Disappointing outcome': More cuts coming at Methanex

Already shuttered, Methanex contemplate further cuts to operations. (Image: NZME)

Wed, 11 Sep 2024

The already shuttered Methanex is considering further winding back operations, saying the country's long-term gas supply outlook makes it challenging to remain open.Managing director Stuart McCall said in a statement that the global methanol producer's New Zealand operation was consulting on how best to operate and what structure is required to move from a two-plant operation to a one-plant operation for the foreseeable future to match the current gas outlook.“This is a disappointing outcome for us. It means we are likely to lose...

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News in Brief

Methanex contemplates further wind back

In another blow to industry in New Zealand, Methanex, the country’s largest gas user, has proposed shedding staff and moving from a two-plant operation to a one-plant operation “for the foreseeable future”.Methanex’s plants are shuttered until the end of October after the company...

Staff reporters 5:15pm