Industry News

Further restructuring at Akzo Nobel Polymer Chemicals

Published on 2003-09-04. Author : SpecialChem


Akzo Nobel Polymer Chemicals has announced further restructuring plans in order to improve its performance and ensure a better future for its business as previous efforts have not shown satisfactory results.

The restructuring measures, which are additional to the already discontinued production in Gillingham, United Kingdom, and Burt, New York, United States, will result in a reduction of some 150 jobs in R&D, control & accounting, information management, sales, administration and manufacturing throughout the world. The implementation of this restructuring program will take place during the remainder of this year and continue in 2004.

"We are confident that with these measures we will improve our performance," said Bob Margevich, General Manager of Akzo Nobel Polymer Chemicals. "In the past few years our business unit has made significant investments and acquisitions. These, in combination with this restructuring program, will strengthen our strategic position in the markets we operate in and provide the foundation for future growth," he added.

Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated sales for 2002 totaled EUR 14 billion. The Company currently employs approximately 66,000 people in more than 80 countries.

Source: Akzo Nobel N.V.

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