Kepak site to close amidst ‘challenging market conditions’
Kepak has issued a statement outlining it “regrets to announce that it will temporarily suspend operations” at its Co. Clare beef processing site.
The statement from the meat processor explained: “Against a backdrop of challenging market conditions for the beef industry in Europe, Kepak Clare has been procuring cattle at a price premium associated with markets such as the US, China and the UK.”
However, the statement added: “Given Kepak Clare is not approved for export to such markets, it consequently cannot achieve the associated price premium to remain competitive, leaving no alternative to temporary closure.”
Despite a comprehensive review and significant efforts to keep the Clare abattoir operational, management at Kepak has determined that the site “is no longer competitive”.
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