Business
Plant reorganisation
Plant reorganisation.
About this update from Synthomer Plc
[{"type":"text","content":"\n Yule Catto & Co PLC\n01 August 2007\n\n\n\nYule Catto & Co. plc\n\n\n\nInvestment in China and plant rationalisation\n\n\n\nYule Catto is an international producer of speciality chemicals, supplied to\nglobal customers for use in a wide range of industries including\npharmaceuticals, FMCG, paints and adhesives\n\n\nYule Catto announces that it has entered into employee consultations regarding\nthe closure of the Dieburg, Germany facility within its James Robinson business\nand the Milan, Italy facility within its Uquifa business. Subject to the outcome\nof such consultations it is anticipated that these closures will be completed by\nthe end of H2 2008. The existing cytotoxic and pilot plants in Italy will\nremain open.\n\n\nProduction from both plants will be selectively moved within the Group\npredominantly to other Uquifa facilities in Spain and Mexico. The overall\nclosure costs are expected to be cash neutral following the sale of the\nrespective sites.\n\n\nIn parallel the Company intends to invest in a small scale greenfield Fine\nChemicals facility in Guangzhou, China. The purpose of this plant will be to\naccelerate sales growth into Asia and enhance the cost effective supply of\nintermediary products into Yule Catto's existing Fine Chemical and Pharmachem\nbusinesses.\n\n\nThe changes outlined above are a strategic response to current market dynamics\nand in addition will deliver enhanced utilisation of fine chemical assets within\nthe Yule Catto group of companies.\n\n\n\n 1 August 2007\n\n\n\n\n\nENQUIRIES:\n\n\nYULE CATTO Tel: 01279 442791\nAdrian Whitfield, Chief Executive\n\nCOLLEGE HILL Tel: 020 7457 2020\nGareth David\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2066,"tagName":"div"}]