Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 148.30p
Change Today:
-0.40p
Market Cap:
862.64m
Sector:
Chemicals

Elementis shuts Charleston plant in North American overhaul

By Sean Farrell

Date: Monday 23 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Elementis has closed its production plant in Charleston, West Virginia, as part of a plan to improve efficiency at its North American manufacturing operations.
The chemicals company said the closure, which took effect on 20 November, would affect about 30 employees. Production will be consolidated at its plant in St Louis, Missouri, Elementis said.

Elementis said closing the Charleston plant would support $10m of annual supply chain savings. The savings will start from 2021 costing about $5m in one-off expenses.

Chief Executive Paul Waterman said: "We have made the difficult decision to close our plant in Charleston as part of our global supply chain optimisation. I would like to thank the Charleston team for their hard work and contribution to Elementis. They will receive our full support during this difficult time".

Elementis shares rose 0.2% to 106.4p at 10:45 GMT.



Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Elementis Market Data

Currency UK Pounds
Price 148.30p
Change Today -0.40p
52 Week High 161.70p
52 Week Low 61.75p
Volume 182,237
Shares Issued 581.69m
Market Cap 862.64m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 1
Neutral 3
Sell 1
Strong Sell 1
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Elementis Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 05-Sep-19
Paid n/a 27-Sep-19
Amount 0.000¢ 2.80¢

Trades for 22-Jun-2021

Time Volume / Share Price
13:52 4 @ 148.30p
13:52 75 @ 148.30p
13:52 5 @ 148.40p
13:50 1 @ 148.40p
13:49 13 @ 148.40p

Elementis Key Personnel

Chair Andrew Duff
CEO Paul Waterman