Kemira sets timeline for restructuring program

Kemira has provided an update on its Fit for Growth restructuring program, which was announced earlier this year. The program’s annualized cost-savings target of €60 million ($78 million) will be achieved in stages, with €10 million due in 2012, €50 million in 2013, and €60 million in 2014, Kemira says. “Redundancies 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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