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Nufarm Finance: Close Melbourne manufacturing plant

Nufarm Finance: Close Melbourne manufacturing plant

  • Nufarm Finance (NFN) has revealed it will shut its Raymond road manufacturing plant in Laverton, Melbourne
  • The plant manufactured insecticides and fungicides for the company
  • Then the manufacturing plant will wound down in a phased shutdown over the next 18 months
  • The Laverton plant is located in the northern Melbourne semi-industrial suburb of Laverton north
  • Nufarm has also said it will close its Linz, Austria herbicide manufacturing plant
  • The company expects to save $15 million a year in earnings before interest, taxes, depreciation, amortisation (EBITDA) due to the measures
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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