Tate & Lyle will end production of citric acid at its Selby, UK plant at the end of the month with the loss of around 100 jobs.
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The company said the decision to cease production was the result of competition from Chinese imports, changes to the EU sugar regime and oversupply in the world market. The citric acid business located in Selby posted revenues of GBP26m and an operating loss of GBP2m for its last full year.
Tate & Lyle will continue to serve customers from existing inventory and operations based in the US, Brazil and Columbia.
“I would like to extend my thanks to colleagues at Selby for their dedication and hard work over the years and in particular over the last month,” said Stanley Musesengwa, COO, Tate & Lyle said. “This decision was not taken lightly. However, continuing pricing pressures and oversupply in the world market meant our UK citric acid business could no longer operate viably.”
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