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Paper Preview: Andover Advertiser, May 21, 2021 andoveradvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from andoveradvertiser.co.uk Daily Mail and Mail on Sunday newspapers.
A planned expansion of an Andover business worth millions of pounds has been cancelled after the ‘catastrophic’ impact of Brexit. Follmann Chemie, based in Germany, had planned to expand its factory at Sealock, an adhesives business in Andover, to export more products to the EU. However, following Brexit, the firm’s shipping costs have risen significantly, causing the £2.5 million pound project to be cancelled. Henrik Follmann, the chief executive of Follmann Chemie, told the Financial Times that Brexit had been “a catastrophe” for his firm. “Brexit has been a nightmare, building up costs and time,” he told the paper. “We were going to build extra production and storage to supply customers on the continent, but we delayed it and have now taken a strategic decision to cancel this and to expand in the EU instead.” ....