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2009-03-04 09:00:00 CET 2009-03-04 09:00:05 CET REGULATED INFORMATION HKScan Oyj - Company AnnouncementHKSCAN SHIFTS EMPHASIS IN DEVELOPMENT TO SWEDENHKScan Corporation STOCK EXCHANGE RELEASE, 4 March 2009 at 10am HKSCAN SHIFTS EMPHASIS IN DEVELOPMENT TO SWEDEN The Board of Directors of HKScan has resolved to start planning a new programme to streamline the business of the company's Swedish arm Scan AB. The Board considers a new programme warranted because the efficiency programmes implemented earlier at Scan AB or currently underway have not proved effective enough to bring the company's profitability up to the sought level. During the course of the earlier programmes, running since spring 2007, Scan AB has discontinued operations at the Visby cutting plant, the Uppsala and Skellefteå slaughterhouses and the production plants in Helsingborg, Malmö and Kävlinge. Scan's Swinoujscie bacon plant in Poland has also been expanded and work started on a national distribution centre in Linköping slated to come online in 2010. In the view of HKScan's management, the central factors to improve competitiveness will be to adopt a leaner cost structure at Scan AB over the next three years, to raise the value-added of products and to improve the effectiveness of Scan's commercial functions. Scan AB's size, firm market leadership and leading brands provide a solid foundation for future measures. NEW MANAGING DIRECTOR FOR SCAN AB Scan AB has also been appointed a new managing director, the current executive vice president of HKScan's Baltic Group Olli Antniemi, BSc (Econ & Bus Admin). His key tasks at Scan will be to plan and implement the new streamlining programme and to enhance Scan AB's attractiveness as a partner to customers and consumers alike. Since 2003, Antniemi has been in charge of the HKScan Group's Baltic operations. Until 2003, he was marketing director at HK Ruokatalo in Finland. Mr Antniemi came to the Group in 1996, having served the Huhtamäki Group before this in positions including a spell with Leaf in the United Kingdom. As of 4 March 2009, the management team of Scan AB comprises managing director Olli Antniemi along with director Denis Mattsson, deputy to the managing director, and Jerker Wetterteg as finance director, production and meat director Mikael Mörk, director of the supply chain Magnus Lindholm, informations director Margareta Thorgren, HR director Lennart Claesson and managing director of Pärsons AB Thomas Olander. Scan AB's previous managing director Magnus Lagergren and finance director Matts Rosendahl have decided to resign from the company. CHANGES IN REPORTING STRUCTURE IN THE BALTIC GROUP With Olli Antniemi leaving HKScan's Baltic Group to head the Swedish business, managing directors Anne Mere of AS Rakvere Lihakombinaat and Teet Soorm of AS Tallegg will report directly to HKScan CEO Matti Perkonoja as of 4 March 2009. HKScan Corporation Matti Perkonoja CEO Further information is available from CEO Matti Perkonoja. Please leave any messages for him to call with Marjukka Hujanen on +358 (0)10 570 6218. HKScan is one of the leading food companies in northern Europe with home markets in Finland, Sweden, the Baltics and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under several well-known local brand names. Its customers are retail, the HoReCa sector, industry and export customers. HKScan is active in nine countries and has some 10,000 employees. Annual net sales are 2.3 billion euro. DISTRIBUTION: Nasdaq OMX, Helsinki Main media www.hkscan.com |
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