ATRIA CENTRALISES ITS BALTIC COUNTRIES PRODUCTION IN ESTONIA, PRODUCTION PLANT IN LITHUANIA WILL BE CLOSED
ATRIA CENTRALISES ITS BALTIC COUNTRIES PRODUCTION IN ESTONIA, PRODUCTION PLANT
IN LITHUANIA WILL BE CLOSED
Atria Group centralises Atria Baltia's production operations in the Valga
factory in Estonia. The operation of a production plant in Vilnius will be
stopped and the factory closed at the latest on 31 August 2007.
Atria's operation in Lithuania has been unprofitable and the market share is too
little (approximately 3%). In connection with closing the operations, 139
employees will be given notice in the Lithuanian factory. Production will
continue no further than the end of August, and the orders made before the end
of June will be delivered to customers as agreed. The factory real estate in
Vilnius is in the property of Atria. Atria is searching for an opportunity to
sell the real estate and the land area connected to it.
The closing of the factory causes a one-time payment of approximately two
million euro.
For further information, please contact:
Matti Tikkakoski, President and CEO of Atria Group, tel. +358 50 2582 and Juha
Ruohola, Group Vice President, Atria Russia & Baltic Countries, tel. +358 400
647160.
ATRIA GROUP PLC
Matti Tikkakoski
President and CEO
DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.atria.fi