Agfa Splits Up

Strategy: Agfa-Gevaert has decided to split the group into three independent business units—Graphics, HealthCare, and Materials. The new Materials business unit will consolidate all film manufacturing activities with the niche products of Specialty Products in order to position it as an independent supplier of film and related products. According to the announcement, Agfa expects this structure to generate annual cost savings of an estimated 250 million euros by 2008.