Updated at 6:55 p.m., Friday, November 17, 2006
Del Monte remarks on closure of Hawai'i operations
Advertiser Staff
Del Monte Fresh Produce Inc. issued a statement locally yesterday regarding its closure of its Kunia pineapple operations. Here's the statement:"As a result of significant changes and circumstances Del Monte Fresh Produce (the company) has announced it will cease all production, operations and shipments out of Hawaii effective immediately
"The company's action was compelled by various factors; specifically, the production volume of pineapples is significantly lower than the company's original estimates.
"This extreme drop in production volume, coupled with depressed pineapple pricing resulting from the increase of supply in the overall pineapple market, has had a negative financial impact on the company.
"As a result, the company regretfully will not be able to sustain a financially viable operation in Hawaii as orginally planned through 2008."
"The company will continue to work with all parties involved to meet its obligations and continues to be committed to making every reasonable effort to lessen impact on all individuals involved."
