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2007-07-03 14:00:00 CEST 2007-07-03 14:00:00 CEST REGULATED INFORMATION HKScan Oyj - Company AnnouncementHK RUOKATALO PLANS COOPERATION TO RATIONALISE THE USE OF SLAUGHTERING AND CUTTING CAPACITYHKScan Oyj STOCK EXCHANGE RELEASE 3 July 2007, at 3pm HK RUOKATALO PLANS COOPERATION TO RATIONALISE THE USE OF SLAUGHTERING AND CUTTING CAPACITY HK Ruokatalo Oy, responsible for the Finnish operations of the HKScan Group, and Järvi-Suomen Portti Osuuskunta cooperative have today signed a preliminary agreement concerning possible cooperation to rationalise slaughtering and cutting operations. In accordance with the preliminary agreement, Järvi-Suomen Portti will study closing its Lappeenranta slaughterhouse and outsourcing its pork and beef slaughtering and the cutting of beef to HK Ruokatalo. The aim of the arrangement is to improve the efficiency of both HK Ruokatalo's and Järvi-Suomen Portti's slaughtering and cutting operations. When implemented, the arrangement would reduce existing slaughtering capacity in Finland while making better use of remaining capacity. The volume of HK Ruokatalo's slaughtering and cutting operations would increase as a result of Portti's outsourcing, as would the capacity utilisation rate. The arrangement would furthermore serve to support HK Ruokatalo's ongoing efficiency programme in Finnish operations. Any arrangements implemented will have no impact on the parties' competitive relationship in product development, manufacture and marketing. HK Ruokatalo slaughters pork at Forssa and Mellilä. The company's beef slaughterhouse is located in Outokumpu. In 2006, HK Ruokatalo processed some 95 million kg of pork and beef while the comparable figure for Järvi-Suomen Portti was ca. 18 million kg. HKScan Oyj Kai Seikku CEO Further information: Managing director Esa Mäki, HK Ruokatalo Oy. Please leave any messages for him to call with Marjukka Hujanen on +358 (0)10 570 6218. DISTRIBUTION: Helsinki Exchanges Main media www.hkscan.com |
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