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April 7, 2020
Sonae Arauco to shut 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 ...
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