Chile’s Luchetti food company plans to sell its San Bernardo soup factory and move production to a smaller site.
The plant can produce 3,000 tons of soup powder per year, but has been operating below capacity since 1997, when the company lost a contract with the National Schools and Grants Committee to provide soup for under-privileged school children in Chile.
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Production will be moved to Luchetti’s subsidiary company Italpasta in May or June of 2001, and annual output reduced to 1,500 tons.
Luchetti has been looking for a strategic partner since Findim Investments sold its 10.21% stake in mid-1999, and is currently negotiating with Italian multinational Barilla.
By Steve Anderson, just-food.com correspondent
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