Sugar smuggling forces Germany's Sudzucker to suspend production at Moldova factory
Germany’s Sudzucker will suspend the activity of its factory in Falesti, one of its two factories in Moldova, until April 2021, due to the considerable reduction of sales of Moldovan sugar primarily on the domestic market, Sudzucker Moldova said on October 23.
Sales in Moldova dropped due to the smuggling of tens of thousands of tonnes of sugar, while sales to the EU under Moldova’s free trade agreement plunged as well because of the oversupply on the European market, Sudzucker Moldova explained in a press release.
Despite the anti-crisis measures taken, Sudzucker Moldova's losses in 2018 exceeded MDL100mn (€5mn) and it expects to remain in the red this year.
The company will concentrate its production in its other Moldovan factory, located in Drochia, which has lower energy costs, the company explained.
Sudzucker Moldova’s management also said that the Falesti factory’s employees have already been offered jobs in other companies in the region.
German company Draexlmaier offered jobs and free daily transport to Balti for more than 80 employees of the factory. Italian company Martatext, which has opened a textile production in Falesti, also offered jobs to Sudzucker employees.
"We hope that the market will stabilise and the sugar plant in Falesti will be put back into operation. At the moment, we are trying to maximise our efforts, optimising costs to bring the company into a cost-effective way of operating. However, we are honest in our relations with the employees of the factory and we strive to go through the crisis with minimum losses for each employee,” said Alexander Koss, the chairman of the board of directors of Sudzucker Moldova.
Moldovan-German company Sudzucker Moldova is a leader in the production of beet sugar in the Republic of Moldova. Currently the company owns three factories in the country. Two of them — those in Drochia and Falesti — are involved in the production of sugar, and a logistics and packaging centre is located at the Alexandreni production unit. In 2018, the company produced almost 52,000 tonnes of sugar, or 70% of the total sugar production in Moldova.
Across its 29 factories and two refineries in Europe, the multinational company produced a total of 4.7mn tonnes of sugar. It employs 19,200 people and has annual revenues of €6.8bn.
Copyright © 2006 - 2019 Reproducerea totală sau parţială a materialelor necesită acordul în scris al Publicaţiei Periodice TIMPUL DE DIMINEAŢĂ
Urmărește știrile Timpul.md pe Telegram
|
|
loading...
Loading...
Din aceeaşi secţiune
Cele mai noi ştiri de azi
The Albanian village of Thumane experienced the worst destruction in this week's earthquake. Residents there have celebrated rescues and mourned deaths as emergency crews search the rubble for survivors. The Albanian village of Thumane was hit hard by Tuesday's 6.4 magnitude earthquake....
( ) Read all
Effort aims to reduce the stigma experienced by those living with the virus. A reproductive scientist checking embryos The online clinic aims to give people diagnosed with HIV the opportunity to create life and to raise awareness. Photograph: Christopher Thomond/The Guardian The...
( ) Read all
ROMANIA - Presidential elections - provisional results: Iohannis - 66.05%, Dancila - 33.95%
( )
Read all
Brown bear attacks: Deaths spark fear in Romania
Bears have become so numerous that there are growing calls for a return to trophy hunting A spate of deadly bear attacks in Romania has raised fears that the population of Europe's largest protected carnivore is increasing beyond control. Three men have been killed in little over a month in...
( ) Read allRussian domestic violence: Women fight back
Two years ago, many Russians were shocked when the parliament significantly reduced penalties for domestic violence. Since then, women have been fighting back - demanding new legislation to restrain abusers, demonstrating in support of three sisters who took the law into their own hands, and...
( ) Read all(VIDEO) Chisinau Airport deemed an example for former soviet countries - famous Russian blogger says
You can have a great time at the Chisinau International Airport while waiting for your transfer. This is the conclusion of the well-known Russian blogger Ilya Varlamov, who shared his impressions of a recent trip to Moldova. According to him, Chisinau Airport is an excellent example of the...
( ) Read all
Who is behind the attempts to expropriate Giurgiulești International Free Port?
There have been various reports about an illegal attempt to expropriate Danube Logistics Holding BV of its shareholding in Danube Logistics SRL, the operator and general investor in Giurgiulesti International Free Port. In order to discuss this subject in greater detail TIMPIL.MD had a...
( ) Read allThe Guardian How liberalism became ‘the god that failed’ in eastern Europe
After communism fell, the promises of western liberalism to transform central and eastern Europe were never fully realised – and now we are seeing the backlash.
( ) Read allTurkey's Erdogan 'threw Trump's Syria letter in bin'
Turkish President Recep Tayyip Erdogan put US President Donald Trump's letter "in the bin", the BBC has been told.
( ) Read allMoldova: Proposed reform to fight corruption understandable, but draft law could undermine judicial independence, says Venice Commission
( )
Read all
Will The OSCE ‘Democratize’ Russia’s Occupation in Ukraine’s Donbas?
Kyiv has co-signed with Russia and the Donetsk and Luhansk “people’s republics” (DPR, LPR) a commitment to: a) accept the holding of “local elections” in that Russian-controlled territory of Ukraine and b) accept the Organization for Security and Cooperation in...
( ) Read all
On the occasion of the book launch, "Panorama of communism in Soviet Moldova", writer from the Republic of Moldova, Maria Sleahtitchi, one of the authors of the volume, spoke to B1.ro about the condition of Moldovan literature in a society strongly divided by ethnic and political...
( ) Read all.jpg "Council of Europe concerned by Draft Law on Ukraine's Judicial Governance")
The Council of Europe is concerned about the possible adoption by the Verkhovna Rada of a bill amending some laws of Ukraine regarding the activities of the judiciary (No. 1008), which provides, inter alia, a reduction in the number of judges of the Supreme Court and changes in the...
( ) Read allThomas Moser: Rafiq Aliyev is attempting to coerce me into agreeing to the sale of Danube Logistics Holding BV
I would like to clarify a number of false and misleading press reports about Danube Logistics Holding BV’s acquisition of Danube Logistics SRL in 2011 and other matters that have been circulating in Moldova last week.
( ) Read all
The United States continues to closely follow and support efforts to reform and strengthen Moldova’s justice system.
( ) Read allDainius Žalimas Ukraine between East and West, or between the legacy of tyranny and the tradition of freedom
I begin with an allegory expressed by prof. Vytautas Landsbergis, the first head of the restored State of Lithuania, who used to address the options for geopolitical orientation after the restoration of the independence. When asked about the possibility in 1990s for Lithuania to choose...
( ) Read all
Romania's President, the prime minister and the leader of the second biggest opposition party will face each other in presidential elections, along with five other candidates. This weekend saw the conclusion for the period of registration of runners in the elections due to take place in...
( ) Read all
You’ve probably already heard the Romanian language from friends, relatives or strangers in the community. Maybe you have even made an attempt to learn basic phrases of Romanian for an upcoming trip. But have you ever wondered how the language was formed? We found ourselves wondering...
( ) Read all
COMMENT: Moldovan president’s determination to stop an airport deal appears increasingly misleading
Regime change in Moldova has been met with cautious optimism by Brussels, as President Igor Dodon pledged to dismantle the businesses that have long dominated political life. But mere months after a contentious coalition was brokered between Dodon and Maia Sandu, both international observers and...
( ) Read allThe national interest: Russia Is Rapidly Procuring More Fifth-Generation Su-57s
.jpg "The national interest: Russia Is Rapidly Procuring More Fifth-Generation Su-57s")
In July 2019, Russia announced a major purchase of its fifth-generation stealth air superiority fighter, the Su-57.
( ) Read allMoldova not recognizing so-called elections in Crimea and Sevastopol
Moldova does not recognize the so-called elections that were held in Russia-annexed Crimea and Sevastopol on September 8, the press service of the Ministry of Foreign Affairs and European Integration of Moldova has reported.
( ) Read allThe Washington Post: Trump tries to force Ukraine to meddle in the 2020 election
UKRAINE’S NEOPHYTE president, Volodymyr Zelensky, took a big step this week toward proving that he will be, as he promised, the most pro-reform president in Ukraine’s history. On Monday, he laid out a breathtakingly ambitious five-year plan including virtually every measure the...
( ) Read allFilm director Oleg Sentsov among 70 released in Russia-Ukraine prisoner swap / VIDEO
Russia and Ukraine carried out a long-awaited swap of 70 prisoners on Saturday, in a deal hailed by President Volodymyr Zelensky as a “first step” towards ending their conflict.
( ) Read all
