Atria Baltic concentrates meat-processing activities to Valga and Ahja factories
Atria Plc COMPANY ANNOUNCEMENT February 11, 2009, 9:00 am
Atria Baltic concentrates meat-processing activities to Valga and Ahja factories Atria Baltic will transfer meat processing from Vastse-Kuuste to the factories of Valga and Ahja. After the rearrangements of premises in Vastse-Kuuste, Atria will start processing there new product categories starting from autumn. The measures are expected to generate annual cost savings of approximately 1,4 million euro and will impact 100 employees during this year. The move will increase the efficiency of the operations and create better opportunities for profitable growth in the current financially challenging situation. After the rearrangements production capacity in all the factories will be better utilized, at the same time improving the quality level of the production processes. Atria Baltic will introduce new product categories to the market starting from autumn and Vastse-Kuuste production facilities will be adapted for the production during the coming summer. Vastse-Kuuste brand 'VK' is highly appreciated amongst clients and it will be further developed next to Woro and Maks & Moorits brands. Rearrangements in Vastse-Kuuste began in November 2008 when Atria transferred the slaughterhouse and meat-cutting unit to Valga. Atria acquired Vastse-Kuuste and Woro meat-processing factories last year in the summer. Atria Baltic which represents brands such as Atria, Maks & Moorits, Woro and VK is the second largest meat-processing company in Estonia. For further information, please contact Group Vice President Juha Gröhn, tel. +358 400 684224 or General Manager Kaido Kaare, tel +372 50 30 840. ATRIA PLC Matti Tikkakoski President and CEO DISTRIBUTION: Nasdaq OMX Helsinki Ltd Principal media www.atria.fi