Follmann Chemie News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A planned expansion of an Andover business worth millions of pounds has been cancelled after the ‘catastrophic’ impact of Brexit. Follmann Chemie, based in Germany, had planned to expand its factory at Sealock, an adhesives business in Andover, to export more products to the EU. However, following Brexit, the firm’s shipping costs have risen significantly, causing the £2.5 million pound project to be cancelled. Henrik Follmann, the chief executive of Follmann Chemie, told the Financial Times that Brexit had been “a catastrophe” for his firm. “Brexit has been a nightmare, building up costs and time,” he told the paper. “We were going to build extra production and storage to supply customers on the continent, but we delayed it and have now taken a strategic decision to cancel this and to expand in the EU instead.”

United kingdomFollmann chemieHenrik follmannChris youngEuropean unionSealock ltdOffice for national statisticsFinancial timesAscott closeWalworth industrialNational statisticsஒன்றுபட்டது கிஂக்டம்கிறிஸ் இளம்ஐரோப்பிய தொழிற்சங்கம்அலுவலகம் க்கு தேசிய புள்ளிவிவரங்கள்நிதி முறை