The shutdown of CF Industries' fertiliser factory in Ince, Cheshire, is all but complete after a UK-based group of investors failed in a rescue bid. Hundreds of jobs have been lost at the facility, and CF said that the restructuring had cost the company £137million. CF produces 60 per cent of Britain's CO2 supplies as a by-product of agricultural fertiliser. Labour MP Justin Madders, whose constituency includes Ince, said the factory closure means CF has a 'stranglehold over fertiliser prices in the UK'. A member of his consortium said he was 'massively disappointed and very surprised' that CF did not want to sell.

Source: Daily Mail August 21, 2022 02:55 UTC