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April 14, 2020

Sonae Arauco shuts down its industrial production units in Spain and S. Africa

In response to the coronavirus pandemic, Sonae Arauco has decided to temporarily shut down its industrial units in Spain and South Africa.  Moreover, the company says that its North American business has partially and temporarily shut down its industrial activity in Lac-Mégantic, Quebec, Canada.  In its annual financial report Sonae Arauco sees a deterioration already at the beginning of 2020 that will be challenging for the business considering doubled by the the situation that the world is currently facing due to the Covid-19 pandemic.  “Our business will undoubtedly be affected in ...

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