Noble closes its Turkish chrome business

Noble Group will close its Turkish chrome business as part of a $70 million cost-cutting initiative announced on Monday August 10.

The group outlined headcount and office reductions at “non-core businesses” including the Turkish chrome businesses, its New Orleans scrap businesses and the closure of its Hamburg and Oslo offices.

Turkish chrome ore prices have fallen by as much as 18% since...

Published

Janie Davies

August 10, 2015

17:33 GMT

London