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Europe's Only Glycine Producer Blames Competition From China as it Announces Market Withdrawal.

8 December 2009 -- Chemicals company Tessenderlo Group today announced plans to withdraw from the glycine market by the end of 2010.

The group cited structural problems on the European market and competition from China as the reasons for the decision.

An estimated 40 jobs will be lost as production operations in Belgium are wound down throughout 2010. However, no forced redundancies are being planned.

Glycine is an amino acid used in a variety of different applications including pet food and pharmaceuticals.

Tessenderlo Group is an international chemicals group with over 100 branches in 20 countries. The group employs a workforce of 8,200 staff and reported a turnover in 2008 of 2.8 billion EUR.
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Publication:Feedinfo News Service
Date:Dec 8, 2009
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