Ingevity Corp-Additional Steps To Advance Company's Strategic Repositioning Of Its Performance Chemicals Segment
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Ingevity Corp announced additional steps to advance its strategic repositioning of its Performance Chemicals segment. The company plans to close its Crossett plant in August 2024 and expects to realize net operational savings of approximately $20-25 million per year. However, it also anticipates incurring aggregate charges of approximately $100 million, with the majority being non-cash charges.
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