Nufarm to close Auckland plant, shift local production to Australia, taking A$11M charge

Mon, 14 Apr 2014

April 15 (BusinessDesk) - Nufarm, the agricultural chemicals manufacturer, will close its New Zealand manufacturing plant in Auckland and shift regional production to a plant at Laverton, in the Australian state of Victoria. Consolidating production will generate annual cost savings of A$3 million and result in the elimination of up to 59 jobs at the Otahuhu, Auckland factory, Nufarm said. It will take an A$11 million charge in the current year for restructuring costs. The company expects the eventual sale of the Otahuhu site to generate a...

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