News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

BASF To Sell Norway Plant, Cut Jobs Around The World To Bolster Profits


4/25/2014 6:34:43 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Germany's BASF (BASFn.DE) said on Friday it would sell a plant in Norway and cut jobs around the world as it tries to boost profits at its health and nutrition business. BASF, the world's biggest chemicals maker by sales, has been seeking to expand its Performance Products division that includes health and nutrition - for instance recently buying Norwegian fish oil maker Pronova - but integration of acquisitions and restructuring have weighed on profitability. The annual operating profit margin of BASF's Performance Products division narrowed to 12.8 percent from 13.3 percent last year.

Help employers find you! Check out all the jobs and post your resume.

Read at Reuters
Read at Bloomberg
Read at Wall Street Journal

comments powered by Disqus
BASF
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES