Haltermann Carless retrenches

ICIG-owned hydrocarbons producer Haltermann Carless has announced what it called “a series of structural measures as part of its ongoing transformation programme” in response to ongoing economic challenges. These aim to improve long-term competitiveness by enhancing operational efficiency, adjust organisational structures and position the business for future growth. They include: 

• Exiting from low-margin commodity businesses, including the gas condensate business and closing unit in Harwich, UK (pictured), and the oxo business with the full site closure in Manvel, Texas. Sites in Germany and France are not affected
• Closing an administrative office in UK, with functions relocated to other sites
• Realigning the commercial organisation, reducing the business units from four to three and allocating them to core production sites, while focusing on high-margin, sustainable applications

“In a challenging economic environment, we must take decisive action to strengthen our organisation and position us for long-term success. The core of our RACE strategy is a stringent consolidation process combined with strategic business growth,” said CEO Peter Friesenhahn.