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Business

ICI to sell Uniqema

February 13, 2006 | A version of this story appeared in Volume 84, Issue 7

Confirming earlier reports, ICI says it will sell its Uniqema oleochemicals and derivatives business. The unit, ICI said when reporting on its 2005 results, has "a good product portfolio and a strong management team" and has seen significant savings and improved profitability following a restructuring program begun in 2003. More restructuring opportunities have been identified, but these, the firm says, "would require significant additional investment."

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