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Chemical Week Magazine :: Newsbriefs
Kemira sets timeline for restructuring program
6:21 AM MDT | October 5, 2012
Kemira has provided an update on its Fit for Growth restructuring program, which was announced earlier this year. The programâ€™s annualized cost-savings target of â‚¬60 million ($78 million) will be achieved in stages, with â‚¬10 million due in 2012, â‚¬50 million in 2013, and â‚¬60 million in 2014, Kemira says. â€œRedundancies will account for 50% of the expected savings, and the remaining 50% will be achieved through manufacturing network consolidation and leaner operations. Currently, 14 manufacturing sites are under review as part of the ongoing...
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