Tag Archives | epoxy resins

Spolchemie restructures, signs JV with Japan’s DIC

Spolchemie CEO Francois Vleugels (pictured) has been extremely busy. He told me this week he is planning to split the company into several independent operating units with the aim or attracting financial partners, divestment, and even closure of uneconomic divisions.The troubled firm expects its lenders to approve a restructuring plan by the end of July […]

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Spolchemie rescue plan presentation

Spolchemie’s general manager, Francois Vleugels, has sent me a Powerpoint presentation detailing his strategy for rescuing the ailing Czech epoxy resin producer. He is presenting this at the World Refining Association’s Global Petrochemicals conference in Vienna this week. As you’ll see, Vleugels’ plan involves steep cost cuts, process optimisation, and major moves to improve the company’s image […]

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Vleugels goes all out to rescue Spolchemie

I’ve just interviewed Czech epoxy resins general manager, Francois Vleugels, about his strategy for rescuing this company which he took over later last year. Vleugels was forced to do a deal with lenders to stop the group going bankrupt. He has put in place a vigorous rescue plan, and has already regained the market share […]

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