Lamb Weston Holdings, Inc. (LW) said it will close its Munro, Argentina, manufacturing facility and consolidate production for the Latin America region at its newer plant in Mar del Plata as part of efforts to improve profitability and operational efficiency.
The company said the decision aligns with its broader strategy to better manage costs across its global supply chain while prioritizing investments that modernize assets and support long-term growth. Approximately 100 employees at the Munro plant will be impacted by the closure and will receive severance packages in line with local labor laws and regulations.
Chief Supply Chain Officer Sylvia Wilks said effective cost management is critical to delivering value to customers and ensuring operations remain efficient, resilient, and ready for future growth.
In addition to the Munro closure, Lamb Weston also announced plans to temporarily curtail a production line at one of its facilities in the Netherlands.
The company said these actions are part of its ongoing "Focus to Win" strategy, which includes prioritizing key markets and channels, strengthening customer partnerships, improving execution, and accelerating innovation across its global manufacturing network.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.