Total to divest Hutchinson? -- K Trade Fair


Total to divest Hutchinson?

According to reuters "Total is under pressure from shareholders to improve its cash flow and protect dividends as it counts the cost of the collapse in oil prices.” Founded in 1853 as shoe manufacturer, Hutchinson today has more than 32,000 employees at 96 sites in 23 countries. Its core businesses are sealing systems, vibration, acoustic and thermal insulation, fluid transfer systems, transmission and mobility. In 1974 the French oil giant Total bought a majority stake in the company. (Source: reuters)