A South Korean company manufacturing animal feed in a Yangon industrial zone has announced that it will be suspending operations next week.
In a letter dated May 17, CJ Feed Myanmar Company Limited informed customers that its factory in Hmawbi Township’s Myaung Ta Kar Industrial Zone would shut its doors on May 28, citing increasing difficulties surrounding financial transactions, obtaining affordable raw materials, and maintaining a workforce.
“We will manufacture the feed only until May 28, and after that the factory will be temporarily closed. I don't know how long [the closure] will last,” an official from CJ Feed Myanmar said.
A distributor based in Meiktila, Mandalay Region, told Myanmar Now that the company was once considered to be among the top local producers of feed for poultry, but speculated that sales had decreased in recent years.
“We stopped using their products when their. . .
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