Bloomberg
US · 30 mins ago
✦ 78◉ Centre
France Agrees Rescue Package for Europe’s Last Amino Acid Maker
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Quality 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
France and the company Avril are providing a €70 million rescue package to support Europe's last amino acid fermentation plant, citing unfair Chinese competition as the reason for the intervention.
France Agrees Rescue Package for Europe’s Last Amino Acid Maker
The French state and edible-oil processor Avril agreed to provide a €70 million ($81 million) package to rescue the last amino acid fermentation plant in Europe from what they described as unfair Chinese dumping practices.
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