Huntsman has announced plans to close four manufacturing facilities by the end of this year, as part of restructuring of its colour pigments business, as per chemicals-technology.com. Facilities in Cartersville, Georgia; East St. Louis, Illinois; and King of Prussia, Pennsylvania in the US and one plant in Hainhausen, Germany will be shuttered. The plan to restructure colour pigments operations comes after the company previously announced plans to streamline its global pigments and additives business.
Huntsman's.
As part of the initial phase of restructuring, the company will reduce its workforce by 120, carry out cost reduction initiatives, and centralise its shared services. The proposed restructuring is expected to provide the company with US$20 mln by mid-2016.
10-Mar-15 
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