NUF 3.61% $4.02 nufarm limited

News: NUF Nufarm Says To Cease Manufacture Of Insecticides And Fungicides At Site In Laverton

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    June 30 (Reuters) - Nufarm Ltd (NUF) :

    • ANNOUNCED DECISION TO CEASE MANUFACTURE OF INSECTICIDES AND FUNGICIDES AT ITS RAYMOND ROAD SITE IN LAVERTON, AUSTRALIA
    • TO CURTAIL HERBICIDE MANUFACTURING AT OPERATIONS IN LINZ, AUSTRIA
    • EXPECTS COMBINED INITIATIVES TO DELIVER ANNUAL IMPROVEMENT TO EBITDA OF UP TO A$15 MILLION P.A.
    • OTHER NON-CASH COSTS RELATED TO RESTRUCTURING EXPECTED TO BE ABOUT AUD$25 MILLION
    • NO IMPACT ON AUSTRALIAN HERBICIDE MANUFACTURE AND FORMULATION AS A RESULT OF CHANGES
    • TO CEASE SYNTHESIS OF HERBICIDE 2,4-D AT LINZ SITE IN AUSTRIA EARLY IN 2021 CY
 
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