MARITIM FOOD AS HAS DECIDED TO CONCENTRATE PRODUCTION AT ONE PLANT IN FREDRIKSTAD, NORWAY

Maritim Food AS, a Lännen Tehtaat plc subsidiary that makes minced fish products, dressings and smoked fish products, has decided to shut down its Stabburveien plant and concentrate the production of minced fish products and dressings at its Råbekksvingen plant in Fredrikstad, Norway. Shutting down the Stabburveien plant will also mark the discontinuation of smoked-fish production. The changes will take place in 2011.

The estimated annual performance improvement from concentrating production is some EUR 0.5 million, and this will begin to materialise in the third quarter of 2011. Non-recurring costs from the reorganisation of production and the shutdown of one production plant are estimated at about EUR 1.5 million and will be recognised in the second-quarter result of the Seafood business.

In addition to the plants in Fredrikstad, the Maritim Food Group has a plant in Gjerdsvika in western Norway that produces canned fish products, fishburgers and fishballs, and a plant in Dingle in southwest Sweden, which produces mainly shellfish in brine.

The Group companies’ products are sold in Norway and Sweden under their own brands, namely Maritim, Fader Martin and Sunnmöre, and under retailers’ private labels.  Shellfish in brine are also imported to Finland and sold under the Apetit Maritim label.

The net sales of Maritim Food Group in 2010 totalled approximately EUR 32 million and it had a personnel of 110.

Lännen Tehtaat plc
Matti Karppinen
CEO

Further information: CEO Matti Karppinen, tel. +358 40 8448 692

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