Delays in the opening of Atria Russia's new meat product plant
Atria Plc COMPANY ANNOUNCEMENT 25 July 2008, 8:00 am
Delays in the opening of Atria Russia's new meat product plant
The completion and opening of Atria Russia's new meat product plant in St
Petersburg is estimated to be postponed until 2009. Atria originally announced
that the plant would be ready for operations by year-end 2008. According to the
contractor YIT Construction Ltd, the postponement is due to delayed water and
sewer connection.
The logistics centre will be ready for use as planned in summer 2008. The new
plant located in the Gorelovo district of St Petersburg will house a meat
product plant and a logistics centre. The new facilities will double Atria
Russia's meat product capacity. Therefore the delay will also postpone the start
of Atria's deliveries to new customers outside St Petersburg.
Atria and YIT have agreed on the compensation to be paid for the delays.
Further information is available from Matti Tikkakoski, President and CEO of
Atria Plc, tel. +358 50 2582.
Atria Plc
Matti Tikkakoski
President and CEO
DISTRIBUTION
Helsinki Stock Exchange
Principal media
www.atria.fi