Ebro Puleva may close three plants on back of EU sugar reform |
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Published
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Thu, 25 Oct 2007 07:01
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MADRID Thomson Financial - Ebro Puleva SA may close three of its seven plants in Spain on the back of the EU sugar reform, Expansion reported, citing company chairman Antonio Hernandez Callejas.Callejas said that the closures 'would be the worst scenario', but noted that the company has possible alternative plans for the plants.The closures would be in Castile-Leon, Seville and Cadiz, he said.Ebro Puleva is planning to invest 33 mln eur in a refining plant for imported sugar cane and a co-generation power plant in Guadalete, the newspaper reported.The group also expects to invest 42 mln eur in a biodiesel plant to begin operations in 2009 in Jedula, the newspaper said.tfn.europemadrid@thomson.comkd1/ped/jlcCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Ebro Puleva warns of substantial revenue losses due to EU sugar reform 