Fertiliser maker Yara may sell its Environmental Solutions business unit as part of a strategic review launched on Tuesday, a spokesman for the Norwegian company said.
The unit, which has around 300 employees, recorded sales of around $400 million last year, with earnings before interest, tax, depreciation and amortisation of $77 million, Yara spokesman Thor Giaever said.
At a later time, Yara also intends to conduct similar strategic reviews of its Mining Applications, Animal Nutrition South Africa and Industrial Nitrates business units, he added.
By Ole Petter Skonnord
Source: Reuters
The future CEO of thyssenkrupp Uhde, Nadja Håkansson, has held various management positions at Siemens and Siemens Energy and looks back on over 18 years of national and international experience in the areas of supply chain management, operations, sales and corporate management.
Neste and South Korean company Lotte Chemical have partnered on a project to elevate the sustainability profile of chemicals and plastics. The partnership’s ambition is to replace fossil resources with renewable raw materials that offer a lower carbon footprint.
At least the confidence in the chemical sector has been seeing an upward trend and the trade balance is recovering as destocking seems to be coming to an end. Citing projections from the European Central Bank, CEFIC states that the level of inflation is expected to fall from 5.4% in 2023 to 2.3% in 2024.
