Lithuania: Lifosa faces temporary shutdown, potential layoffs

Switzerland’s EuroChem Group has announced its decision to temporarily suspend operations at its Lithuanian fertiliser plant, Lifosa, DELFI reports. The company said that sanctions have hindered the plant’s profitability. The Lifosa plant has been closed for scheduled repairs since May 2023. However, EuroChem has now confirmed that it has been unable to find a viable solution to ensure sustainable operations under the current restrictions. Consequently, the company has initiated the process of temporarily mothballing the plant starting from October 2023. The plant in Kedainiai employs hundreds of people.