Specialty chemical supplier ICI Group announced last week that it will try to sell oleochemical subsidiary Uniqema in order to focus on other priorities. Uniqema manufactures surfactants and synthetic base stocks used in the lubricants and other industries, as well as specialty products such as compressor oils and refrigerator lubricants sold under the Emkarate brand.
ICI, formally known as Imperial Chemicals Industries PLC, announced its plan for Uniqema Thursday as part of its report of the parent companys financial results for 2005. ICI management stressed that it is pleased with Uniqemas performance, especially its ability to generate cost savings since ICI announced a company-wide restructuring program in 2003.
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