Ashland Inc. has announced significant advancements in its global expansion strategy, focusing on enhancing profitability and operational consistency. The company is investing heavily in key international markets, including Ireland and the United States for its injectables business, Brazil for tablet coatings and microbial protection, China for biofunctionals actives, and both the United States and Europe for microbial protection. Additionally, Ashland is constructing a new tablet coating plant in India. These strategic investments align with the company's goal to optimize its manufacturing network, highlighted by a $60 million plan that includes the transfer of hydroxyethyl cellulose production from Parlin, New Jersey, to Hopewell, Virginia, and the consolidation of smaller plants into larger sites. Ashland's CEO, Guillermo Novo, emphasized that these moves are crucial for increasing market competitiveness and achieving cost savings, ultimately contributing to the company's growth and market share expansion.
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