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Toyo Ink Invests and Cuts Jobs at French Sites

1:44 PM MDT | April 25, 2007 | Chemical Week Editorial Staff

Toyo Ink (Tokyo) says it will invest €10 million ($13.6 million) in technical upgrades at its Oissel and Villers-Saint-Paul, France plants. The upgrades will make the plants less labor-intensive and will result in 83 job cuts, Toyo says. Meanwhile, the company expects to report net income for full-year 2006, ended March 31, 2007, up 19%, to ¥7.5 billion ($63.2 million), on sales up 6%, to ¥250...

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