Magnera Shutting Down Production in Argentina

MT Newswires Live
09/30

Magnera (MAGN) said Monday it is stopping production at its site in Pilar, Argentina, and will start winding down operations there.

The closure is part of a company-wide project introduced in the latest earnings release to streamline the company's global presence and improve operational agility, Magnera said.

About 60 employees will be impacted by the facility's closure, according to a statement.

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