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Kemira plans further restructuring, announces financial targets for 2016

5:40 AM MDT | April 23, 2013 | Ian Young

Kemira has announced several major restructuring measures and issued profitability and sales targets for 2016. The measures are in addition to the company's Fit for Growth restructuring program, involving widespread plant closures and job cuts, details of which were announced in mid-2012. Fit for Growth targets an Ebit margin of at least 10% in 2014 compared with 1.5% in 2012. The latest measures include permanent closure of Kemira's production facility at Vaasa, Finland, by the end of 2013 with the likely loss of 60 jobs. The closure is expected to lead to...

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