Guest Contributor | Feb 22, 2024 | 0
Financial crunch forces Farmers Meat Market Mariental Abattoir to shut down
Farmers Meat Market Mariental Abattoir will ofﬁcially close on 30 September, and will no longer be selling carcasses past this date.
The company announced and informed its stakeholders this week of the closure of the abattoir, which they attributed to economic reasons.
The announcement said that due to the severe drought and unfavourable trading conditions in the small stock industry in Namibia, the company has made big losses and continues to make these losses.
“The shareholders of the company cannot sustain these losses, and operations at the abattoir must cease. Through an unfortunate conﬂuence of events, it is the express opinion of the board that the operating environment for an export approved abattoir has degenerated to such an extent that the business is no longer viable,” the statement further read.
Furthermore they said the company has invested substantially in building this world class, export approved abattoir and has created job opportunities for many Namibians in the process.
“It is a sad reality that due to a lack of support for local value addition we have to bid our producers, employees and other stakeholders farewell,” they added.