In order to accelerate its growth by restructuring various parts of its business to more closely align with the company’s 2020 strategic vision, US based adhesives manufacturer H.B. Fuller Company is taking restructuring initiatives. These initiatives include elimination or relocation of around 220 positions globally and also enhancing efficiencies.

According to the company, it will eliminate or relocate around 220 employees globally by early 2017, along with implementing other product line and operation enhancements and efficiencies under the restructuring programme.

The changes will allow Fuller to operate more effectively and efficiently, while proactively responding to end-market and global industry dynamics, such as global prices for petrochemicals and a significantly stronger US dollar.

“The proactive changes will allow us to invest in the highest opportunity areas within our portfolio and become more agile as we support deliver our 2020 plan,” Jim Owens, CEO at H.B. Fuller said. “These changes support our plan to deliver 10 per cent adjusted EPS growth in 2017 as against 2016 on a comparable 52 week basis.” (AR)