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AGR — Agrana Beteiligungs AG News Story

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Brief: Agrana ceases sugar production at Leopoldsdorf, Hrusovany sites

March 12 (Reuters) - Agrana in statement:

SUPERVISORY BOARD HAS DECIDED TERMINATION OF SUGAR PRODUCTION AT SITE IN LEOPOLDSDORF IN MARCHFELD, AUSTRIA, AND AT HRUSOVANY, CZECH REPUBLIC, WITH IMMEDIATE EFFECT

CLOSURES AFFECT ABOUT 270 EMPLOYEES, ABOUT 120 OF WHOM WORK IN LEOPOLDSDORF AND ABOUT 150 IN HRUSOVANY

IN AUSTRIA, COMPANY'S ENTIRE DOMESTIC SUGAR PRODUCTION WILL BE BASED IN TULLN

MEASURE IS IMPORTANT PART OF COMPANY’S STRATEGIC REALIGNMENT, WHICH AIMS TO ACHIEVE LONG-TERM STABILISATION AND COMPETITIVENESS FOR DOMESTIC SUGAR PRODUCTION

IN CZECH REPUBLIC, SUGAR PRODUCTION WILL BE CONCENTRATED AT OPAVA SITE

LEOPOLDSDORF SITE WILL REMAIN IN PLACE AS A LOGISTICS HUB

Further company coverage: AGRV.VI

 (Reporting by Berlin newsroom)

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