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Kemira Sets Timeline for Restructuring Program

6:52 AM MDT | September 18, 2012 | Sotirios Frantzanas

Kemira presented today an update on the restructuring program, Fit for Growth, which was announced in 2012. The program's annualized cost-savings target of €60 million will be achieved in stages, according to the update, with €10 million in 2012, €50 million in 2013, and €60 million in 2014. "The ultimate goal of the program is to reach at least 10% Ebit margin by 2014. Redundancies will account for 50% of the expected savings, and the remaining 50% will be achieved through manufacturing network consolidation and...

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