Arkema accelerates plan to reduce costs to cope with slowdown

摘要

The quick deterioration of the eco-nomic environment and the significant destocking effect observed since mid-October are compelling Arkema, France's leading chemicals producer, to accelerate the implementation of its fixed cost reduction programme of Euro 500-mn between 2005 and 2010, of which more than Euro 330-mn will be by the end of 2008.