LILONGWE (MalawiTalk) – A tobacco processing company has closed its factory in Lilongwe, throwing hundreds of people out of job.
Kanengo Tobacco Processors Limited has closed its factory because of a business environment in which, it believes, it was not going to survive.
It has been operating in Malawi for 22 years.
In a statement issued yesterday, the company says among the reasons for closing the facility are: reduction in national crop size, reduced international demand for Malawi air-cured burley tobacco and high competition in tobacco processing in Malawi.
“KTPL, just like other tobacco companies in Malawi, has been undergoing difficult financial times due to… factors within and outside Malawi,” reads part of the statement.
Kanengo Tobacco Processors Limited is a Malawian company that owned a processing plant capable of handling 32 million kilograms of the leaf.
Closure of the facility puts on the line jobs for an estimated 180 permanent workers.