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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Givaudan Plans Flavors Plant In Hungary, Closes U.K. Site
9:24 AM MDT | September 3, 2010 | Nancy Seewald
Givaudan says it will invest SF170 million ($165 million) to build a savory flavors production facility at Mako, Hungary to supply the â€śfast-growingâ€ť markets of Eastern Europe. The new plant will employ about 280 workers when it starts up in 2013. Givaudan, meanwhile, plans to close its Bromborough, U.K. flavors plant in 2012, and transfer power-blending activities from its Kemptthal, Switzerland site to Mako. The restructuring will result in the loss of 150 jobs at Bromborough and 120 jobs at Kemptthal. â€śThe overall objective is to grow organically between...
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