HKScan Oyj - Company Announcement

HKScan and Coop Sverige sign five-year cooperation agreement

HKScan Corporation             Stock Exchange release 9 Oct 2014, at 10:00



HKScan and Coop Sverige sign five-year cooperation agreement

HKScan Sweden AB has yesterday signed a five-year framework agreement for
ongoing cooperation with Coop Sverige AB. Coop Sverige AB operates 700 retail
stores in Sweden and has over 21 percent of the Swedish grocery retail sector. 

The new five-year agreement is an upgrade of an existing contract between
HKScan and Coop. The joint target is to develop the meat category further. The
cooperation principally covers prepackaged fresh meat. The deal will strengthen
HKScan's foothold on the Swedish market and ensure Coop a good availability of
Swedish meat raw material. As a retailer Coop has a strong track record in
sustainability, to which HKScan can contribute with its' high product quality
and sustainable way of working. The Group upholds a strong commitment to animal
welfare, traceability of meat raw material and responsible production methods. 

 “Consumers today appreciate a demonstrable commitment to sustainable
production. We can work together with Coop to respond to these growing
expectations and together advance high standards of quality and ethical
collaboration,” says Göran Holm, EVP, Consumer Business, Scandinavia. 

Over the past two years, HKScan has made an intensified effort to streamline
its operational structure, improve its efficiency and boost productivity along
the entire meat value chain. The long-term agreement is welcome news for all
players in the value chain. “It will ensure that meat produced in Sweden
maintains its established footing on the Swedish retail market. This will in
turn support Swedish animal producers, bringing job security and stability to
the Swedish meat industry,” adds Holm. 



HKScan Corporation

Hannu Kottonen
CEO



Further information:

Göran Holm, EVP, HKScan's Consumer Business in Scandinavia.

Please submit a call-back request to Anna Simonsson, Executive Assistant, tel.:
+46 (0)8 725 82 16. 


HKScan is the leading Nordic meat expert. We sell, market and produce
high-quality, responsibly-produced pork, beef, poultry and lamb products,
processed meats and convenience foods under strong brand names. Our customers
are the retail, food service, industrial and export sectors, and our home
markets comprise Finland, Sweden, Denmark and the Baltics. We export to close
to 50 countries. HKScan's net sales is EUR 2.1 billion and we have some 7 700
employees, making us one of the Europe's leading meat companies. 


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