ARKEMA: Proposed Plan for the Future of the Pierre-Bénite Plant (France)
Tuesday June 19, 12:50 pm ET
End of the Information/Consultation Procedure with the Works Council
COLOMBES, France--(BUSINESS WIRE)--Regulatory News:
The meetings of the Central Works Council in Paris on June 15th 2007 and of the local Works Council in Pierre-Bénite on June 18th 2007 marked the completion of the information / consultation procedure with the personnel representative bodies as part of the proposed future of the Pierre-Bénite plant.
The plan will refocus the Pierre-Bénite plant on its most efficient activities, and make it the main pole of development for Arkema's fluorochemicals business in Europe.
The project also provides for the divestment of the inorganic coagulants (products for water treatment), with annual sales of some 20 million euros, to Kemira.
A global chemical player, Arkema consists of 3 coherent and related business segments: Vinyl Products, Industrial Chemicals, and Performance Products. Present in over 40 countries with 17,000 employees, Arkema achieves sales of 5.7 billion euros. With its 6 research centers in France, the United States and Japan, and internationally recognized brands, Arkema holds leadership positions in its principal markets.
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