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Shortly after the acquisition of Rockwood Holding's pigments businesses for USD 1.1 billion in October, US chemical producer Huntsman has announced plans to slash 900 jobs while restructuring its pigments and additives business at a cost of around USD 130 million up to 2016. Huntsman said it planned to spin off roughly 20 % of the combined pigments business into a public entity within two years of the Rockwood deal's closing.


Separately, the Texas-based group said it is also exploring options to reduce capacity in its global titanium dioxide (TiO2) production. In addition to the Sachtleben facilities, the US group also produces the white pigment at six sites worldwide, including four in Europe.Earlier, Huntsman said it planned to spin off roughly 20 % of the combined pigments business into a public entity within two years of the Rockwood deal's closing.





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Author: admin | 25.10.2013 | Category: Small Storage Buildings


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