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Birth Rate Collapse: Baby Formula Factory Shipping to China to Shut Down Due to Lack of Demand
[Breitbart] Nestle, the world’s largest food company, announced on Wednesday that it will shutter or sell the Wyeth Nutrition baby formula factory in Askeaton, Ireland, no later than the first quarter of 2026.The major reason given for this decision was that China’s birth rate has collapsed so much that the plant’s output, which was exported to Asia, is no longer needed. “The number of newborn babies in China has declined sharply from some 18 million per year in 2016 to fewer than 9 million projected in 2023. The market, which had previously been reliant on imported infant formula products, is also seeing rapid growth in locally produced products,” Nestle stated. The company said it would shutter a research and development center at the Askeaton plant by 2025, putting a total of 542 local jobs on the line. Related: Nestle: 2023-08-24 Meet the 2500 year old Siberian Ice Maiden and her tattoos Nestle: 2023-07-17 The 'charming' seaside town so pretty it's on every list of the UK's best places to live Nestle: 2022-08-01 Consumer economy and sanctions: what is the difference between the situations in the West and in Russia Posted by: Skidmark 2023-10-22 |
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