Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The German chemical company Envalior announced during a special works council meeting that it intends to close its glass fibre production facility in Kallo, in the Antwerp port area, by the end of 2026. This decision will affect 220 employees.
The company cites unsustainable economic conditions as the main reason, including high production and energy costs, increased imports from low-cost regions, and a structurally declining demand for glass fibre. Despite cost-saving measures and improvement initiatives, the plant remains loss-making, producing at a cost higher than the market price.
Envalior will now follow the Renault procedure, as prescribed by law. The company stresses that its other operations in the Antwerp port, employing around 600 people, will not be impacted.
Eurofound (2026), Envalior, Closure in Belgium, factsheet number 203987, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203987.