Chemanex PLC, a leading player in the chemical industry for more than four decades, successfully concluded a major business restructuring exercise with MTI Consulting, thereby rationalizing many of its business units/operations in order to focus on its core business. The rationalization, based on a detailed consulting assignment carried out by MTI in 2015, and re-visited in 2017/18 as part of the ‘CIC Re-Strategizing 2020’ project (for which MTI was retained by CIC Group), resulted in rationalization of all operations of Chemanex, with the exception its Local Chemical Trading business. The Business Units which were rationalized included the export business, the retail paints business and support services. The relevant subsidiaries handling these operations were also rationalized, or have been identified and are pending rationalization. The intensive restructuring exercise, for which MTI was retained in 2015 and 2017/18, involved in-depth research into the operations and performance...