Grupo Bimbo reported that it closed one of the 10 plants it has in China as a result of the coronavirus pandemic.
The world’s largest bakery, through its general director, Daniel Servitje, informed its investors that the plant will resume operations when local authorities allow.
“The Wuhan plant serves our local key consumers. This plant is temporarily closed,” he said during the meeting on the presentation of its fourth quarter 2019 results. “I am pleased to report that none of our partners in China have been infected by the virus, “he congratulated.
According to the executive, this situation could affect its sales for the first quarter of this year, or even ‘infect’ sales throughout 2020.
Grupo Bimbo’s profit grew 8.8% during 2019 with a 2.4% increase in its sales, according to its most recent financial report.