Engineering News

Cambrex to close North Brunswick facility, take $2 mln charges
Fri Nov 9, 2007 9:14am EST

Nov 9 (Reuters) - Cambrex Corp said it will substantially close its technical center in North Brunswick, New Jersey by December end and expects total restructuring charges of about $2 million.

The company is consolidating its United States research and development activities and small scale active pharmaceutical ingredient production to its facility in Charles City, Iowa, it said in a filing with the U.S. Securities and Exchange Commission.

Lease payments of about $1.4 million per year will continue through November 2010, it added.

Source: Reuters

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