Keyword: restructuring

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Invista Closing Texas Adipic Acid Unit

13.10.2015 - Citing a decline in demand in North America and an oversupplied global market, US nylon specialist Invista has announced plans to close its 220,000 t/y adipic acid plant at Orange...

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Debt Repayment Triggers Restructuring Tide for Global Chemicals

26.11.2013 - A new analysis by A.T. Kearney paints a turbulent picture ahead for global chemicals players as a $33 billion debt peak in 2016 combines with depressed margins resulting from U.S...

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Drug Industry CEOs Plotting More Carve-outs

07.05.2013 - A new generation of drug industry chief executives is stepping up plans to restructure their businesses by divesting slower-growing and maturing operations, opening up new...

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BASF Optimizes Its Organizational Structure

05.11.2012 - BASF is optimizing its organizational structure to better serve its customer industries and enhance its operational and technology excellence. The number of segments will be...

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Merck's Dutch R&D Unit To Keep Some Jobs, Change Focus

07.04.2011 - U.S. drugmaker Merck & Co., which last year said it would close three research sites in the Netherlands, on Thursday said it would keep about half of the research and development...

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Chemicals Maker Tronox Files Reorganization Plan

09.07.2010 - U.S. chemicals company Tronox filed a bankruptcy reorganization plan that it said promises a significant recovery for unsecured creditors and sets up trusts to resolve...

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Merck & Co Closing Sites In Post-Merger Restructuring

09.07.2010 - Merck & Co announced plans to close eight research sites and eight manufacturing sites as it restructures in the wake of its merger with rival drugmaker Schering-Plough Corp. Merck...

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A Streamlined Future

15.03.2010 - The last couple of years have been anything but easy for Clariant. Not only has the company been hit hard by the recession, but it has also come to terms with the fact that there...