The main objective for the re-organization is to better address customer demands for supply reliability and focused innovation, while simultaneously promoting cross functional excellence, simplicity and efficiency across the internal value chains.
The foundation for the new organization will be the three Business Areas; Specialty Polyols & Solutions, Advanced Chemicals and Animal Nutrition. Furthermore, the Supply Chain and Operations divisions will merge into one organizational unit to drive efficiency. As the new organizational structure is implemented, approximately 56 employees, 32 in Sweden and 24 outside Sweden, will be made redundant. Negotiations with the relevant unions have been initiated and are currently ongoing.
Re-organizing is part of the ongoing transformation of Perstorp, to become fit and more agile for the future. It will provide a simpler structure while maintaining or increasing the customer orientation. It also follows the recent divestment of the Capa™ and BioProduct businesses, which as such will enable a strengthened balance sheet and unlocked resources for further investments in high-growth niches where Perstorp is a leader.
The company has several growth areas with strong future potential, such as;
- growing its leadership position in the polyols market
- building the market for the phthalate free plasticizer Pevalen™
- expanding the products and markets of the animal nutrition business
- establishing its pro-environment products and solutions (products based on renewable raw materials)
Jan Secher, President and CEO of Perstorp, commented: “Perstorp is all about driving innovation to provide our customers with a competitive edge. The new organization makes us more agile and puts us in a better position to respond to our customers’ needs. It will promote cross functional excellence, simplicity and efficiency across our internal value chains, but cost savings will of course also be important in times with a volatile business environment and signs of a downturn in the global economy. Our focus remains firm; to capture the opportunities ahead for volume and margin growth in niches where we are leaders.”