grammar - Reported speech in Minute taking

I have to take minutes of a meeting, but I am quite confused at the moment. Here are some sentences which got me confused:

''Mr Johnson: Latin America and Asia produce the same products, so I suggest to close the factories in Latin America''

Since everything has to be in reported speech, I wrote this: ''Mr. Johson said that Latina America and Asia produce the same products. He suggested to close the factories in America''.

I have my doubts about my reported speech version. Since most of the time Simple Present become simple past in reported speech, should the word ''produce'' be changed in ''produced''?, if so, won't this change the meaning of the sentence. Won't it mean that they produced the same products in the past, but nowadays they don't. My teacher said that everything has to be in reported speech, but since this kind of changes the meaning of the sentence, I got confused.

Here is another sentence which got me confused:

Mr Johnson: I do not want to downsize because my companies are profitable.

what is the reported speech of this when taking minutes?

Please help me out, the assignment is due tomorrow morning.