Pampa Energia plans to close Argentina’s only synthetic rubber factory.

Pampa Energia has announced plans to shut down operations at Argentina's only synthetic rubber plant, located in Puerto General San Martín, according to a statement released by the Petrochemical Workers and Employees Union (SOEPU) on social media on July 23. According to the company, the plant has the capacity to produce 55,000 tons per year of styrene-butadiene rubber (SBR), a raw material widely used in the manufacture of tires and other industrial products. Pampa Energia stated that the decision to close the plant was motivated by the "sharp decline in the local synthetic rubber market," following the Argentine tire manufacturer Fate halting production at its San Fernando plant in Buenos Aires province earlier this year.

This text was translated by machine from Brazilian Portuguese.