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Yara Hungaria to shut down artificial fertiliser plant

Norwegian owned artificial fertiliser maker Yara Hungaria will permanently close its plant in Peremarton and lay off 105 workers, local daily Napló reported in its online edition.

“The biggest reason for the decision is the ongoing financial crisis, which has deeply affected global demand for products made in Peremarton,” Yara Hungaria managing director Olli-Matti Toivanen told the paper. Output of the plant more or less stopped in October, but now the decision to permanently shut down production has been made, he added.

Yara will keep its sales staff in Hungary. (MTI-ECONEWS)