HKScan plans major investment in Finnish poultry site

17-10-2014 | | |
HKScan plans major investment in Finnish poultry site
HKScan plans major investment in Finnish poultry site

In line with its strategic intent to boost profitable growth, Nordic meat producer, HKScan is actively restructuring its production including a €35-65 million investment at its poultry facility in western Finland.

The HKScan Board of Directors has given the permission to proceed with planning two major investment projects. The first is a prospective €35-65 million facility in western Finland, and the other is a €20 million production facility to be located in Rakvere, Estonia.

HKScan has invested in the steadily expanding poultry segment both in Finland and its other markets. Last year HKScan opened a new poultry facility in Tabasalu, Estonia, which produces poultry products for the entire Baltic market under the brand name Tallegg. HKScan has additionally modernized its poultry plant in Vinderup, Denmark, where its poultry brand is Rose.

The final sum to be invested in the chicken facility in western Finland will be €35-65 million depending on which option is chosen. HKScan will review whether to renovate and expand the existing Eura facility or whether to build a wholly new plant in a different location in western Finland.

The intent is to modernise HKScan’s chicken slaughtering, cutting and production processes. State-of-the-art technology will enable HKScan to develop new products for changing consumer preferences, as well as to significantly improve productivity and energy and material efficiency.

The planning stage is scheduled to run through summer 2015. During that time, HKScan will look in-depth into the two alternatives, clarify permit requirements and assess environmental impacts. For the investment to go ahead, the local infrastructure must offer a sustainable water and wastewater infrastructure. Before the final decision is made, HKScan will also clarify potential personnel impacts and any need for further investment in primary production.

Source: HKScan