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