Schulman Accelerates Restructuring Amid Proxy Fight

Schulman says it will accelerate its ongoing restructuring efforts aimed at “dramatically” improving profitability and earnings growth. The announcement comes amid accusations by a shareholder group that a “misguided growth strategy” is dragging down company profits. Schulman says it took several steps during fiscal 2007 to improve profits in North America, including capacity and workforce reductions. Further actions include a potential restructuring of its North American manufacturing facilities, as well as suspension of further capital...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers