PROFESSIONALS  
 

CHEMICAL AND OTHER PROCESS INDUSTRIES

In capital-intensive industries such as chemicals, forest products, oil and similar industries, companies are being forced to redefine their conventional business practices and develop more proactive measures against the never ending fight for global market share and the downward pressure on prices and margins. As the barriers protecting producers in these industries vanish, companies are forced to redefine their business strategy by focusing on niche markets or continue with commodity products but be prepared to compete based on economies of scale and low margins.

Amontis Turnaround Associates assists companies in these industries by redefining their business strategies and implementing the new plan of action. The variety of problems tackled and capabilities deployed are better illustrated in the following selected assignments undertaken by professionals of Amontis Turnaround Associates during the past several years:

  • Represented AIG, the world's largest insurance group, in its attempt to acquire out of bankruptcy a $300 million intermediate chemicals producer based in Italy

  • Assisted Degussa AG, one of Europe's largest industrial chemicals company and the German based world leading and largest specialty chemicals groups, in the turnaround of one of its U.S. subsidiaries

  • Assisted in the downsizing of Petrocan, a large petroleum production and refining operation in Canada, cutting annual losses by $50-75 million

  • Designed and implemented a decentralized global structure for FMC, a Fortune 500 company and one of the world's foremost diversified chemical companies with specialized positions in the agricultural and pharmaceutical sectors

  • Advised International Paper and W.R. Grace & Co. in the divestiture of their majority interest in Productoras de Papeles S.A., Colombia's largest producer of printing paper, to Carvajal S.A.

  • Generated $10 million annual net income by closing down a division of Montedison, a large European chemicals producer

  • Advised the shareholders of Manipulados Marpo, S.A., Spain's third largest manufacturer of tissue products, in the sale of the company to SCA, Europe's largest producer of tissue products

  • Appraised a petroleum refinery and related assets in the U.S. on behalf of a Japanese investor

  • Advised Brazil's third largest producer of hygiene products in its effort to form a joint venture with Europe's leading manufacturer of tissue and fluff products

  • Carried out extensive market studies in Asia for a leading food processing equipment manufacturer