Danish Crown closes factory in China, lays off 112 employees
COPENHAGEN, Feb 27 (Reuters) - Meat producer and Danish Crown said on Thursday it would close its factory in Pinghu in China following a strategic review and said the factory did not fit into its strategy.
The farmer-owned Danish company, one of the world's biggest pork exporters, opened the factory in 2019 to expand its business in China.
"It has however never succeeded in generating the expected earnings, even though significant efforts were made during the period to rectify a poor start," it said in a statement.
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Danish Crown will lay off 112 employees as a part of the closure, it said.
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