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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals
Nufarm to close two plants in Australia, mulls restructuring of New Zealand operations
9:26 AM MDT | March 18, 2014 | Deepti Ramesh
Agrochemical firm Nufarm (Melbourne) announced today that, as part of a reorganization of its Australian operations, the company will permanently close its plants located at Welshpool, Western Australia State; and at Lytton, Queensland State. The reorganization follows an extensive review of the business and the identification of opportunities to improve returns, Nufarm says. The measures are aimed at improving the profitability of sales, lowering expenses, and reducing both working capital and the fixed cost base of the business, Nufarm says. The reorganization...
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