Korolivskyi Smak suspends plant operations and raw material purchases
Korolivskyi Smak has urgently suspended operations at its plant and halted raw material purchases due to security concerns. This was announced by the company's Managing Director, Maksym Korol, according to Latifundist.com.
According to Korol, the company is currently unable to predict when operations will resume.
“At present, we see only one way out of this situation: suspending production. Other options carry even greater risks and losses,” Maksym Korol said.
He added that the forced shutdown puts employees at risk of losing their military mobilization exemptions. At the same time, the company emphasized that employee safety remains its top priority.
In addition to security risks, oilseed processing plants are facing overcrowded warehouses and difficulties shipping finished products. According to Korol, there is no available space to store finished products, while exports remain problematic due to the blockade of seaports and queues at land border crossings with the EU.
On November 12 and 13, Kernel, the Potoky oilseed processing plant, Delta Wilmar Ukraine and the Nizhyn Fat Processing Plant also announced production shutdowns or suspensions of raw material purchases due to Russian attacks and security concerns.
On November 8, Astarta's soybean processing plant was damaged in an aerial attack. The facility also suspended operations following the strike.
