4/25/2013 7:59:48 AM
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Boehringer is to close a chemical plant in France as part of plans to “adapt” its business structure in Southern Europe. Making the announcement at its annual conference in Ingelheim, the German pharma company said the move was to “consolidate our production network and make it more efficient”. Boehringer's chair of the board of managing directors Andreas Barner described the decision as “unavoidable” as the plant had reached overcapacity of production. He also said sales prospects across Southern Europe for Boehringer were becoming increasingly limited due to the “dramatic price reductions” in countries, such as Spain, Greece and Italy.
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