1,200 jobs lost as Maersk shuts down its reefer factory in Chile

Just three years after launching production lines to build reefer containers in the region that most needs them – Latin America – Maersk Container Industry (MCI) yesterday shut down its San Antonio factory.

Maersk’s box production arm said the decision to shut the Chile facility was due to the twin challenges of overcapacity of global reefer production and the higher costs of sourcing raw materials and developing a local supply chain.

MCI said all reefer production would be consolidated at its Qingdao, China, factory – its ...