Key Takeaways ASH will shut Parlin and Chatham sites, shifting output to Virginia and Massachusetts facilities. The $60M optimization aims to lower costs, boost efficiency, and scale HEC technology. ASH completed HEC optimization and upgraded its Hopewell site to meet rising global demandAshland Inc. (ASH) has provided an update on its $60 million plan to optimize its manufacturing network, a key part of its execute strategy. To improve operational efficiency, profitability and the competitiveness of its ...

WILMINGTON, Del., July 08, 2025 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today provided an update on its $60 million manufacturing network optimization plan, a key initiative under its "execute" strategy. As part of ongoing efforts to enhance operational consistency and profitability, and improve the competitive position of core technologies, the company announced the closure of its manufacturing facility in Parlin, New Jersey, and the transfer of its hydroxyethyl cellulose (HEC) production from Parlin ...