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[BUSINESS] · Argentina · 32 sources

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Granja Tres Arroyos suspends Capitán Sarmiento plant amid debt crisis

Granja Tres Arroyos, Argentina’s largest poultry company, has suspended operations at its Capitán Sarmiento plant in Buenos Aires province indefinitely. The company cited a lack of electricity supply and force majeure as the reasons for the halt, effective August 31, 2026. However, workers and union representatives have raised alarms regarding a potential permanent closure, reporting that leased machinery has been removed from the site and company directors have reportedly emptied their offices.

The suspension in Capitán Sarmiento is part of a broader operational crisis affecting multiple regions. The company has recently faced significant layoffs and closures, including the shutdown of its Tristán Suárez plant and the Becar plant in Concepción del Uruguay. In Entre Ríos, the La China plant has seen hundreds of workers dismissed, while the Avex plant in Río Cuarto, Córdoba, experienced a prolonged production halt.

Financially, Granja Tres Arroyos is navigating a severe crisis, carrying a debt of approximately $350.9 million. The company is currently negotiating a debt restructuring plan with creditors that reportedly includes capital haircuts of up to 75%, extended payment terms of seven years, and the sale of non-strategic assets. Labor unions have expressed deep concern over job security for the thousands of employees across the company's various facilities.

Entities

Argentina · ArreBeef · Capitán Sarmiento · Carsa · Concepción del Uruguay · FTIA · Federación de la Carne Zona Norte · Granja Tres Arroyos · Musimundo · Pérez Millán · Rogelio Frigerio · Río Cuarto

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