Orica eyes chemicals unit spin-off

Orica chief executive Ian Smith confirms company will likely exit its $1.2bn-a-year industrial chemicals business.

Orica chief executive Ian Smith has flagged more job cuts at the explosives maker, where he has brought in management consultants to perform cost reviews and confirmed the company will probably exit its $1.2 billion-a-year industrial chemicals business through a spin-off or sale.


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