Home / Knowledge / News / Textiles / Arkema announces restructuring of its North American operations
Arkema announces restructuring of its North American operations
13
May '09
Arkema announced the restructuring of its North American activities.

Staff reductions within Arkema Inc, its subsidiary headquartered in Philadelphia, Pennsylvania, at its Canadian affiliate in Oakville and at production sites in Louisville and Carrollton (Kentucky), Mobile (Alabama), Memphis (Tennessee), Birdsboro and Bristol (Pennsylvania), combined with significant cost-cutting and process-efficiency improvements, will improve its cost basis by $ 40 million (€ 30 million) in 2010 and achieve a total annual savings of $ 50 million (€ 37 million) by 2012.

“These cost-cutting measures further strengthen Arkema and its North American operations, ” said Bernard Roche, president and chief executive officer of Arkema Inc, “ both to maintain its competitive edge in the current economic downturn and to grow once the economy rebounds.”

These restructurings of Arkema's operations in North America are part of an overall $ 740 million (€ 550 million) cost-cutting plan for the entire Group implemented since 2006.

A global chemical company and France's leading chemical producer, Arkema consists of three business segments: Vinyl Products, Industrial Chemicals, and Performance Products.

Present in over 40 countries with 15,000 employees, Arkema achieved sales of 5.6 billion euros in 2008. With its six research centers in France, the United States and Japan, and internationally recognized brands, Arkema holds leadership positions in its principal markets.

Arkema

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search