Solvay Reorganizes Fluorohemicals Unit...

Solvay says it is reorganizing its fluorochemicals business to focus on high value-added specialties while scaling back its participation in refrigerant gases. The company will scale back its operations at Hannover, Bad Wimpfen, and Frankfurt Germany; Porto Marghera, Italy; and Tarragona, Spain. Solvay says it is considering “all feasible solutions” for the 730 employees currently working at the sites but that it expects to cut about 250 jobs. Solvay cites “adverse developments” in the market, particularly low-cost competition from Asian...

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