Nordzucker is closing Považský cukor sugar mill

Germany’s Nordzucker is closing the Považský cukor sugar factory in Trenčianska Teplá, leaving Slovakia with only one sugar factory out of the ten that existed in 1989. Another German company, Südzucker, plans to increase output by 20–30% at its plant in Sereď. Nordzucker will convert its site into a logistics center for Slovakia and southeastern Europe. Half of the 200 employees will lose their jobs. The closure is attributed to falling sugar prices in Europe and declining volumes and quality of domestic sugar beets. Farmers, however, say last year’s harvest was a record one. The factory lost €26.1m in 2024 despite a 4% increase in sales to €163.2m.

(hnonline.sk, dennikN.sk)