The US consumer products company Bunge Ltd. said Tuesday it would close down its oil plant in Bulgaria's town of Dobrich, moving the production of the Kaliakra brand to Romania.
The information denies the previous announcement that the oil will be produced in Ukraine and Hungary from now on.
"In Bulgaria there will be maintained only the grain elevators," company's General manager Tsvetan Iliev explained.
The move, which will make 204 of Bunge's employees redundant, is to be undertaken because of the low financial incomes, limited market opportunities and environmental requirements that are not conformed to the EU's ones.
The New York-based Bunge Ltd. has bought "Kaliakra" Company in 2002. It currently develops its activities in more than 30 countries worldwide, owning about 400 enterprises.
About two months ago another consumer products giant Unilever said it ceased its margarine and mayonnaise production in Dobrich, moving Kaliakra brand to Romania's town of Ploiesti.