Ciba To Invest In Textile Dyes, Streamline Portfolio
Ciba Specialty Chemicals, Switzerland, has announced that over the next few years it will invest
CHF 15 million at its facility in Basel, Switzerland for the production of textile dyes. This
investment will allow the company to automate product lines, which Ciba hopes will lead to optimal
production processes and improved cost efficiency. As a result, 105 to 200 jobs will be eliminated
at the site.
"The modernized and automated production facilities will increase our scope for new and innovative products and create attractive production capacity close to research and development, which can be utilized by all our segments," said Armin Meyer, chairman and CEO.