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KMG Chemicals to cease production in Italy

11:00 AM MST | November 14, 2013 | Vincent Valk

KMG Chemicals will cease production at its electronic chemicals plant in Milan and transfer production sites in France and the UK, the company says. The Milan site, which was acquired with Air Products’ high-purity process chemicals business in 2008, makes acids and solvents used in semiconductor and photovoltaic manufacturing. KMG’s warehousing and customer service operations in Milan will continue, however. “We project one-time restructuring charges of $4-5 million in fiscal 2014, partially offset by incremental benefits of $2-3 million during...

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