Germany will not get a new fry factory after all due to potato surplus
McCain has cancelled plans to build a new one-billion-euro french fry factory in Central Germany due to rising inflation and a market oversupply of frozen potato products. The project was expected to create 650 jobs, but the company will now explore other potential uses for the designated site.
Frozen potato product giant McCain has officially cancelled plans to build a new french fry factory in Central Germany. The project, which was expected to create approximately 650 jobs and provide a valuable outlet for local farmers, has been halted due to rising construction costs driven by inflation and a cooling demand for frozen potato snacks. Additionally, the company noted that there is already an oversupply of potato products being manufactured across Europe, making the massive expansion less viable than originally anticipated.
The cancellation represents a significant loss for the region, as both local and federal authorities had pledged 60 million euros in subsidies toward the 1 billion euro investment. Despite the withdrawal, McCain retains ownership of the project site situated along the Mittelland Canal. While the factory plans have been scrapped, the company is reportedly evaluating potential alternative uses for the property. Work continues at the site for now, as machinery remains active in the area.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
