TITLE

Cognis to hive off process unit

AUTHOR(S)
Williams, Dede; Gibson, Jane
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/30/2007, Vol. 2 Issue 64, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plans of Cognis to spinoff its process chemicals unit into a separate company in July 2007 and to sell it at a later date. The move comes after strong improvement in Cognis' profitability in 2006, confirming that the company's strategy of focusing on innovative specialties for wellness and sustainability markets is the right one, according to Antonio Trius, chief executive officer of Trius. The German firm hopes to expand its activities in Asia.
ACCESSION #
25073700

 

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