Ricola, a manufacturer of candies and balsamic herbal teas heavily dependent on exports, has postponed the planned opening of a new production plant in the former Hero factory in Lenzburg, canton Aargau. +Get the most important news from Switzerland in your inbox The family-owned company justifies the decision by the high US duties on Swiss products. “We are slowing down the pace a bit,” CEO Thomas Meier said in an interview with Swiss public television SRF television. The company announced last year it was creating two production lines in Lenzburg, which would lead to 100 new jobs. This has now been put on hold. It is awaiting developments on US tariffs and in the meantime the company is holding back on larger investments, Meier explained. Foreign trade accounts for 90% of total turnover and 40% of revenues are realised in the US. Substituting Swiss herbs in candies is not an issue, he added. The sweets produced in Switzerland are already packaged in the US, which accounts for 40% ...
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