Venezuela seizes U.S.-owned food plant
The CNN Wire – CNN.com BlogsCARACAS, Venezuela (CNN) — Venezuela temporarily seized a pasta-making plant Friday belonging to U.S.-based food giant Cargill, citing a production quota dispute.
Deputy Minister for Food Rafael Coronado announced the takeover live on the state-run Venezolana de Television channel. He said the plant did not meet production levels for pasta sold at lower, government-mandated prices.
An inspection of the plant Thursday found that only 41 percent of its pasta met the government-established level, Coronado said at a news conference in front of the food plant. Fifty-nine percent was “out of regulation,” he said.
The government will take over the plant for 90 days, he said, and then will determine what steps to take next.
Cargill spokesman Mark Klein said Friday afternoon the Minnesota-based company did not have an immediate comment.
Venezuela seizes U.S.-owned food plant The CNN Wire – CNN.com Blogs.
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