Overview
- Workers arriving for the 6 a.m. shift found the gates locked, security on site and the power supply cut.
- The Los Nogales facility closed definitively as the company remains in court-supervised insolvency proceedings initiated in 2025.
- Panpack said it will settle owed wages and severance but provided no timetable for those payments.
- The shutdown removes a key supplier of bags for provincial sugar mills, raising provisioning concerns ahead of the 2026 zafra.
- Panpack controls Coresa S.A., whose San Antonio de Areco operation is also included in the joint insolvency case.