Magnera to close Pilar, Argentina facility as part of restructuring

CHARLOTTE - Magnera Corporation (NYSE:MAGN), currently trading at $11.21 and showing a current ratio of 2.54, announced Monday it will close its Pilar, Argentina facility as part of its ongoing transformation initiative called Project CORE (Capacity Optimization and Resource Efficiency). According to InvestingPro data, the company’s financial health score is rated as "FAIR," suggesting room for operational improvements.

The company said production will halt immediately at the site, with operations beginning to wind down. Magnera plans to fulfill existing customer commitments during the transition period.

More than 60 employees will be affected by the closure. The company stated it is working with local teams to provide support to impacted workers.

"This was not a decision taken lightly," said Curt Begle, Magnera CEO, in a press release statement. "It reflects our commitment to building a more efficient, responsive, and sustainable organization."

The closure represents a key step in Project CORE, which was introduced in Magnera’s most recent earnings release. The company-wide program aims to streamline Magnera’s global footprint and enhance operational agility.

Magnera said it remains committed to maintaining service levels and meeting customer commitments throughout the transition. The company plans to leverage its remaining global portfolio of 45 production facilities to ensure continuity across all markets.

Magnera Corporation serves over 1,000 customers worldwide, providing material solutions for absorbent hygiene products, protective apparel, wipes, and other specialty products. The company employs approximately 9,000 people globally and generates annual revenues of $2.9 billion. Discover more comprehensive insights about Magnera’s financial health and growth potential through InvestingPro’s detailed research reports, which include 8 additional key insights not mentioned here.

In other recent news, Magnera Corp announced its Q3 2025 earnings, which fell short of expectations. The company reported an earnings per share (EPS) of -0.51, significantly below the forecasted 0.03, marking a substantial negative surprise of 1800%. Revenue for the quarter was reported at $839 million, slightly under the anticipated $847.13 million. These results have caught the attention of investors and analysts alike. The earnings miss and revenue shortfall were notable aspects of the company’s recent performance. Analysts and investors will likely keep a close watch on Magnera Corp’s future announcements to gauge any potential recovery or strategic adjustments.

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