Nordzucker's consolidation of sugar mills enters its final phase

The investor has begun the merger of two companies which control only one sugar plant each. "Cukier Wielkopolski will acquire Pomorski Cukier. The main aim of this move is to limit administrative costs to the bare minimum. Most probably the entity which will be formed will change its name, but we do not still know what that will be. The new company will encompass two plants: Chełmża and Opalenica," said Adam Koziołek, who represents Nordzucker in Poland. The German investor has begun the process of restructuring when it controlled six companies with six different plants. It gradually closed the least profitable ones and transferred production to the remaining mills. "In total, almost 1,000 people left the sugar plants. We have invested several million złoty in limiting employment, compensation, as well as courses to increase the qualifications of our employees," added Koziołek. (Puls Biznesu, p. 9) A.K.