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Stock impact report

Lamb Weston to Close Munro, Argentina Plant, Consolidating Latin America Production to State-of-the-Art Mar del Plata Facility

Lamb Weston Holdings, Inc. (LW) 
Last lamb weston holdings, inc. earnings: 4/1 08:30 am Check Earnings Report
US:NYSE Investor Relations: lambweston.com/investors
Company Research Source: Business Wire
Munro closure reflects ongoing strategy to improve profitability and operating and capital efficiency across Lamb Weston’s global manufacturing network EAGLE, Idaho--(BUSINESS WIRE)--Lamb Weston Holdings, Inc. (NYSE: LW) announced today plans to close its Munro, Argentina plant and consolidate production for the Latin America region to its new, modern facility in Mar del Plata, Argentina.“These actions are part of our broader strategy to improve profitability and enhance operational efficiency across our global manufacturing network. Effectively managing costs across our supply chain is critical to delivering value to customers, while enabling us to prioritize investments that modernize physical assets and keep operations efficient, resilient and ready for future growth,” said Chief Supply Chain Officer Sylvia Wilks.The approximate 100 employees impacted by the Munro closure will be provided with severance packages in line with local requirements and regulations.In addition to the Show less Read more
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