As Akzo Nobel has already announced, following the amalgamation of its activities with
those of Courtaulds the fibres operations of each company are to be combined and formed
into a new stand alone company, Acordis. It is intended that Acordis will become
independent during the course of 1999. It will be the worlds largest dedicated fibre
company, employing some 19,000 people with a combined turnover of over £1.8bn.
Akzo Nobels fibre operations are complementary to those of Courtaulds and the new
company will therefore bring together a comprehensive range of filament and staple fibre
businesses serving speciality, industrial and textile markets world-wide. One of its
priorities will be to establish a cost efficient structure by concentrating resources both
functionally and geographically. As part of this process, it has been decided that the
fibres corporate administration functions currently based in George Street, London and the
central functions and businesses based in Lockhurst Lane, Coventry, should be relocated,
primarily to the Derby, UK site which already houses some of the Courtaulds Chemicals
businesses and Novaceta.
The Focus Polymers business, whose growth is now constrained by the inadequate space at
Lockhurst Lane, will move to a more suitable location in Coventry, probably Little Heath.
Some 200 of those employed at Lockhurst Lane, and a further 20 of those at George
Street, will be subject to transfer. The transfers are likely to be phased over a period
of some 18 months. Great care will be taken to minimise disruption, and every effort will
be made to assist with any problems encountered by those involved.
The transfers apply only to those activities currently based in George Street and
Lockhurst Lane. Courtaulds Chemicals and Novaceta, both at the Little Heath site in
Coventry, and Courtaulds Engineering, which occupies a separate site in Coventry, are not