Closure of Kokkola plant in Finland
28 Noviembre 2021 - 08:58AM
Closure of Kokkola plant in Finland
Heimon Kala Oy’s, a subsidiary of AS PRFoods, Kokkola fish
processing plant in Finland will be closed and all 35 employees of
the plant will be laid off.
The one-off redundancy costs amount to approximately EUR 0.7
million and will be carried over 6 months. The closure of the
plant will save the group around EUR 2.3 million a year. At the
same the closure of Kokkola will decrease in Findland the wholesale
and trading turnover of fresh salmon by around EUR 8-10
million. Wholesale has been a very low-profit business in Finland
and has not been a significant part of the group's strategy and
does not support our other activities in Finland. The fresh fish
business of the group will in future rely mostly on own farmed
fish. The wholesale of salmon in Baltics will be continued from our
Saaremaa factory from the beginning of next year. The Kokkola plant
has been deeply unprofitable in recent years and the main reason
why the Finnish unit's financial results have been negative.
The closure of Kokkola will help Heimon Kala Oy to regain
profitability already in 2022. Saaremaa factory has taken over the
filleting needs for the group and necessary equipment has been
transferred back to Estonia and additional jobs in Estonia will be
added for this. Heimon Kala Oy will continue to sell fresh fish to
our retail clients but will cease trading operations in
Finland.
Indrek KaselaAS PRFoodsBoard memberT: +372 452
1470investor@prfoods.eewww.prfoods.ee
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