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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Ferro Closes Netherlands Dielectrics Site
8:24 AM MDT | May 21, 2010 | Rebecca Coons
Ferro says it plans to cuts costs in the companyâ€™s European dielectrics business by closing a manufacturing unit at Uden, the Netherlands by year-end. Approximately 120 jobs will be eliminated. Ferro expects the move to generate annualized savings of $6 million. Production of specialty dielectric materials that serve high-performance and stability applications will be transferred to Ferroâ€™s Penn Yan, NY site, where the company makes specialty dielectrics. However, Ferro says it will discontinue production of dielectrics that serve â€śmore commoditized...
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