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Henkel to sell plant in Hungary

German home products maker Henkel has decided to shut down its plant in the Hungarian city of Barcs because of falling demand on export markets, local daily Somogyi Hírlap reported.

Ferenc Deák, the plant's managing director, said the economic crisis was not directly to blame for the decision to sell the plant, rather changes to opportunities on the market. The planned sale will not affect Henkel's other two plants in Hungary: a detergent plant in Körösladány (SE Hungary) and a cosmetics plant in Vác, near Budapest.

Henkel wants to sell the Barcs plant, which makes building industry chemicals, to a peer that can keep production going by October 31. (MTI – Econews)