Experts are concerned about the bankruptcy of chemical giant Vynova in Tessenderlo: "Strong shoulders are giving way"

The bankruptcy of Vynova, a chemical company in Tessenderlo, poses significant challenges for Limburg's economy, affecting 600 employees and many suppliers. Professor Piet Pauwels highlights that the issues stem from overproduction, high energy costs, and competition, not local factors. Vynova's closure follows other industrial losses in the region, raising concerns about the future of basic chemistry in Europe. Calls for a comprehensive rescue plan and competitive energy policies are emphasized to retain industrial activities in Flanders. While local officials seek solutions for a potential restart, the feasibility remains uncertain due to complex production systems.