Articles Tagged with ''restructuring''

The proposed restructuring would consolidate polycarbonate production from four lines to one and end local BPA production.

The company will combine functions from two subsidiaries and establish Nippon Paint Commerce Co., Ltd. as part of a reorganization taking effect Jan. 1.

Watch the first PCI News Now for updates on a self-repairing waterborne coating, Evonik’s planned German site closures, Ford’s $1 billion Kentucky paint shop and PCI’s 2026 Lifetime Achievement Award.

The specialty chemicals company outlined a strategy through 2030 that divides businesses between growth and cash-generation roles while shifting investment toward selected markets and regions.

The supplier outlined new growth, investment and savings priorities for its polymers, silicones and other businesses.

About 90 employees are affected as operations move to larger facilities amid weak demand, low utilization and competitive pressure.

Dow said the initiative ties AI-driven simplification to cost actions, with severance among the expected one-time costs affecting about 4,500 roles.

Westlake announced it will cease operations at several North American facilities in December 2025, resulting in a reduction of approximately 295 employees.

The company announced a new structure and executive team to sharpen its focus on growth and shareholder value.

The company begins a multiyear shutdown as it aims to streamline upstream operations and improve profitability.