Going it alone

摘要

Last summer, Univar gained independence from Vopak, following shareholder approval of a recommended split in order to maximise shareholder value and provide a sound basis for business development (HCB August 2002, page 67). Despite 2002 being a tough year for industry worldwide, Univar's results for its fiscal year ending December 31, 2002 are generally positive, thanks largely to structural cost reduction programmes.