Agfa-Gevaert decides to split into three independent businesses

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Agfa-Gevaert reached a decision on 22 June, 2006 to divide the group into three independent businesses: Graphics, HealthCare and Materials. The new business called Materials will monitor all of the film manufacturing activities with the niche products of Specialty Products and will be positioned as an independent supplier of film and related products. This structure will give each business the maximum flexibility to implement its growth strategy and to limit costs viewing the quick shifting market environment. Agfa-Gevaert intends to achieve annual cost savings of an estimated 250 million Euro (Rs.1325 crores) by 2008, mostly in general services and in traditional products of all business groups and regions. ...cont´d

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