Danisco has announced plans to close three sugar plants, one in Denmark, one in Sweden and one in Finland, in a bid to increase efficiency in advance of new EU sugar quota regulations which will come into effect at the beginning of July.
Go deeper with GlobalData
The company said that the closures, which will result in up to 350 job losses, would help Danisco to reach previously announced earnings targets for its sugar activities of DKR600m to DKR750m.
Danisco said it plans to sell some of its sugar quotas in Sweden and Finland, while acquiring additional quota for its sugar processing facility in Anklam, Germany.
The changes are expected to reduce Danisco’s production of quota sugar by around 100,000 tonnes per year. The company said it also plans to restructure administrative functions during 2007.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
