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Grangemouth dispute: Ineos says petrochemical plant will stay open

25 October 2013 Last updated at 11:30 BST

The Grangemouth petrochemical plant will remain open after a new deal was struck with workers at the plant.

The chairman of Grangemouth Petrochemicals, Calum MacLean, made the announcement at a press conference on Friday morning.

He said: "We are very happy to announce that, following a meeting with the shareholders yesterday, Grangemouth petrochemicals will remain open."

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