Home / Knowledge / News / Textiles / Arkema announces restructuring of its North American operations
Arkema announces restructuring of its North American operations
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.


Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search