Orica to separate chemical arm

By Mitchell Neems

A demerger would create a separate ASX listing for the chemicals arm and would allow the new group to develop its own corporate strategy, capital structure and financial policies. "Orica's two businesses, mining services and chemicals, are both market leaders in their respective industries and each business is exposed to different end markets, industry drivers and competitive dynamics," the group said. "A separation of the business would allow Orica to focus on its core mining services activities and capitalise on its global leadership positions in commercial explosives, ground support and sodium cyanide.

Read more here: Business Spectator

    

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