Granja Tres Arroyos shuts five Argentine plants amid $350 M debt restructuring

Argentina's largest poultry processor, Granja Tres Arroyos, is deepening a crisis that now affects five plants in Buenos Aires, Entre Ríos and Córdoba. The Pinazo plant in Pilar halted all work for August, Wade II in Esteban Echeverría faces stoppages over salary disputes, Wade I in Ezeiza operates at reduced capacity, La China in Concepción del Uruguay remains closed, and the Avex plant in Río Cuarto has extended its shutdown to a full month, affecting about 350 workers.

The company is negotiating a $350.9 million debt restructuring that could cut up to 75 % of its capital, extend repayments over seven years and involve the sale of at least five non‑strategic assets. Production has collapsed from a historic peak of 760,000 birds per day to roughly 200,000, with a recovery target of over 400,000 birds within nine months. U.S. firm Tyson Foods owns 34 % of the group. President Joaquín De Grazia has publicly backed the government's economic reforms while workers report delayed wages and reduced pay.

The crisis reflects both the company's aggressive expansion and broader challenges in the Argentine aviculture sector, which, despite the company's troubles, is experiencing record output and strong export demand.