Roermond/Duesseldorf (ots-PRNewswire) - In the course of its
restructuring program for Europe, the Management of the specialty
chemicals company Cognis has decided to sell its production site in
Leeds, UK. According to Cognis' Management, this move was primarily
prompted by the company's policy of concentrating on its core
In early May there will be a management buyout for the Leeds-based
company. It will continue to operate as eChem Ltd headed by a
competent management team under the leadership of Dr. Ron Bennett.
Dr. Bennett is the former General Manager of Henkel UK.
Customers Can Rely On Smooth Transition
Although production levels in Leeds will be reduced, Cognis
stresses that long-standing business relationships will continue as
before. eChem Ltd will remain an official distributor for
Henkel/Cognis, with cooperation agreements being signed to this
effect. The new management will be handling sales of a series of
Cognis products for the plastics and coatings industries in the
United Kingdom and Ireland. The Leeds site will also remain available
for licensed production.
Up to now, Cognis has supplied products and solutions to the
binders, paints & coatings and printing inks sectors as well as the
plastics, textile, food, agricultural and general chemical industries
from its Leeds site.
The Cognis Group, which has been established as a separate legal
subsidiary of the Henkel Group since August 1999, recorded sales of
Euro 2.6 billion in 1999, and an operating profit of Euro 182
million. Cognis is a worldwide leader in specialty chemicals with
almost 9,000 employees in close to 50 countries on all five
continents. Oleochemicals, Care Chemicals, and Organic Specialties
are the three pillars of the specialty chemicals portfolio. The most
important clients are in the detergents and cleaners industry, the
cosmetics industry, and a number of other industrial markets such as
health and nutrition, coatings and inks, textiles, and plastics.
ots Original Text Service: Henkel KGaA
Contact: Original-Content von: Henkel AG & Co. KGaA, übermittelt durch news aktuell
Magdalena Moll Waltraud Müller
Tel: +49-211-797 16 31 Tel: +49-211-797 72 78
Fax: +49-211-798 28 63 Fax: +49-211-798 28 63