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2007-09-14 13:00:00 CEST 2007-09-14 13:00:00 CEST REGULATED INFORMATION HKScan Oyj - Company AnnouncementMEAT VOLUME PROCESSED BY HK RUOKATALO SET TO RISEHKScan Corporation RELEASE 14 September 2007, at 2pm MEAT VOLUME PROCESSED BY HK RUOKATALO SET TO RISE HK Ruokatalo Oy will take up pork and beef slaughtering and the cutting of beef for Järvi-Suomen Portti Osuuskunta cooperative. The parties signed a letter of intent to this effect on 3 July 2007 and the final agreement was signed today. Järvi-Suomen Portti will close down its slaughterhouse in Lappeenranta and in future outsource its services to HK Ruokatalo. Portti's volume can be handled with the current resources at HK Ruokatalo's pork slaughterhouses in Forssa and Mellilä. At the Outokumpu beef slaughterhouse, production rearrangements and an additional fifteen or so employees will be required. The agreement will reduce slaughtering capacity in Finland while making better use of remaining capacity. For HK Ruokatalo, Portti's outsourcing translates into higher volumes in slaughtering and cutting as well as a higher capacity utilisation rate. The amount of pork and beef processed by the company will rise from the current roughly 95 million kg to an estimated 110-plus million kg. The arrangement will have no impact on the parties' competitive relationship in product development, manufacture and marketing. HKScan Corporation 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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