TotalFinaElf to sell its Metal and Aviation activity
This activity concerns the production and marketing of a wide range of products for metal stripping, degreasing, cleaning and forming partially commercialized under the brand Turco®. The main application areas cover aircraft maintenance, wire drawing, metal rolling and metal machining.
The activity achieves a major part of its turnover, some US$ 100 million, in the United States and in Europe, although it is also present in Australia as well as in many Asian and Latin American countries. It operates seven main production sites, including two in the United States, four in Europe, one in Australia and employs 400 people - around 200 in the United States, 140 in Europe, and 60 elsewhere.
The completion of the agreement is subject to approval by the relevant government authorities as well as information with personnel representative bodies.
This decision reflects TotalFinaElf's ongoing strategy to refocus its Chemicals activities portfolio.
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