Nufarm to Reorganize European Manufacturing Footprint

Nufarm Limited plans to change to adjust its European manufacturing operations to reduce the company’s fixed cost base; improve working capital management; and support the growth of its European business.

During  the next 18 months, Nufarm will close its a manufacturing facility in Botlek (The Netherlands). In addition, the company will implement efficiency programs that will reduce costs and increase capacity at manufacturing facilities in Wyke (England) and in Gaillon (France). On completion, the changes are estimated to result in annualized cost savings of at least $23 million (€16 million).

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Nufarm’s Group Executive Operations, Elbert Prado, said the changes have been identified following a detailed review of the company’s European manufacturing footprint and how it supports both regional growth plans and the requirements of the global business.

“These changes will result in a more efficient manufacturing base in Europe and will improve our competitiveness on a global basis by reducing the unit cost of one of our most important herbicides – MCPA – as well as several other products that are produced in Europe and exported to other markets around the world,” Prado said. “The changes will also reduce supply chain complexity, supporting our efforts to improve working capital efficiency across the group.”

Read more about the changes here.

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