HKScan has announced it is investing in two European sites to boost production.
The Finnish meat processing firm, which is going through a major restructuring programme, is investing EUR35-65m (US$44-82m) on a facility in western Finland and another EUR20m to build a plant in Rakvere in Estonia.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The sites “will enable HKScan to develop its branded offering for growing segments, enhance its product quality, improve working conditions and safety, and reduce environmental impacts,” the company said.
The Finnish plant will be dedicated to the production of chicken. HKScan is deciding whether it will renovate and expand its existing facility in Eura, or whether it will build a new plant at a different location in the country.
In Estonia, HKScan plans to add a 10,000m2 production facility alongside its existing plant. The plant will focus on the production of value-added goods in “growing product segments”. The plant is involved in meat processing, beef slaughtering and cutting. The planning phase of the Rakvere plant is scheduled to run until next spring.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
