CHARLOTTE, N.C. (News release) -- As part of its ongoing transformation initiative (Project CORE), Magnera announced a key step in optimizing operations and aligning resources with long-term growth priorities.

Effective immediately, production will halt and operations at the company's Pilar, Argentina site will begin winding down. The company will continue to fulfill pre-existing commitments out of the site and ensure continuity for customers during this transition.

"This was not a decision taken lightly," said Curt Begle, Magnera CEO. "It reflects our commitment to building a more efficient, responsive, and sustainable organization--one that is better positioned to meet the evolving needs of our customers and the market."

More than 60 employees will be impacted by the closure of the Pilar facility. Magnera is working closely with local teams to provide support. "We are deeply grateful for the dedication and contributions of our Pilar team," added Begle. "Supporting them through this change is a top priority."

"This is a moment of evolution, but also of opportunity," said Begle. "Through Project CORE, we are building a stronger, more agile organization--ready to lead with purpose and deliver new possibilities for our customers and communities."