HKScan

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Insights

Comment: Danone, PepsiCo caught in Russia backlash

For US and European companies exporting products to Russia, the operating environment has been challenging to say the least. Recent comments...

Focus: Trade restrictions hitting Russian outlook

In a period of escalating international tensions, Russia is turning to the use of trade restrictions as a political weapon. This adds a laye...


Katy Askew | 14 Jan 2013

Last week, a number of the challenges facing food manufacturers and retailers were once again thrown into sharp relief. The industry continued to grapple with the cyclical difficulties of a down global economy and weak consumer sentiment. However, a number of structural issues that, in some respects, represent the greater threat are also becoming increasingly evident.


Sam Webb | 7 Nov 2011

There's been a sense of boldness from the world of food this past week, with companies making interesting moves into new products, acquisitions and territories.

Latest Interviews

Katy Askew | 11 Oct 2013

Scandinavian meat group HKScan plans to focus on product development and brand building in order to grow the proportion of sales it generates from added value products. Katy Askew spoke to Magnus Sjohlm, VP of business development, at this year's Anuga to find out more about the company's new-found focus on NPD.


Katy Askew | 26 Sep 2013

Scandinavian meat-to-convenience foods group HKScan has downgraded its operating profit forecast for 2013 today. While the company has delivered on the turnaround plan it unveiled last year, it said export pressures and a shift in its product mix would hit EBIT. Nevertheless, CEO Hannu Kottonen insists HKScan will continue to drive operational improvements in the coming 12 months.

Latest News

just-food.com | 12 Oct 2018

This week's most eye-catching product news features sweet gyoza in the UK, a range of Sara Lee frozen desserts in Australia, a "super-hot" lifrom Seabrook Crisps, and meat-free meals from Pinnacle Foods' Gardein.


Simon Harvey | 10 Oct 2018

Nordic meat processor HKScan is to cut 165 staff as part of a review to realise cost savings and return the business to profit. 


Simon Harvey | 19 Jul 2018

Loss-making Nordic meat processor HKScan is targeting savings of EUR40m (US$46.5m) to be realised in 2020 under its previously-announced rationalisation programme to improve efficiencies and return the business to profit.


Simon Harvey | 25 Jun 2018

Nordic meat processor HKScan is reviewing its production operations in Finland with the potential loss of 211 jobs under what it says is a rationalisation programme to boost profits.


Andy Coyne | 15 Jun 2018

Nordic meat processor HKScan has become embroiled in an industrial dispute, with 34 employees at one of its Finnish facilities downing tools.


Simon Harvey | 4 Jun 2018

Nordic meat processor HKScan is investing almost EUR7m (US$8.2m) in its Kristianstad pig slaughterhouse in Sweden. 


Andy Coyne | 27 Feb 2018

HKScan is to start exporting to China following the establishment of a joint venture with a local food business.


just-food.com | 9 Feb 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.


just-food.com | 18 Jan 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.


Andy Coyne | 2 Jan 2018

Nordic food group HKScan has appointed a new CFO in the shape of Mikko Forsell.


just-food.com | 21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.


Andy Coyne | 14 Dec 2017

HKScan, the Nordic food company, has announced plans to invest in the group's Rakvere unit in Estonia which will allow it to launch new products.


Simon Harvey | 31 Oct 2017

Finish meat processor HKScan revised its full-year forecast for its underlying operating profitability due to higher costs associated with the ramp up of production at a new poultry unit.


Katy Askew | 19 Jul 2017

HKScan, the Finnish meat processor, booked lower earnings for the first half of the year on the back of declining sales and margins.


Katy Askew | 12 Jul 2017

Embattled European meat group HKScan issued a profit warning this morning (12 July) as weakness in Sweden and Finland hit the firm's outlook.


Dean Best | 3 May 2017

HKScan said today (3 May) 160 jobs will be cut from the business after carrying out a review of its operations to try to improve the Finland-based meat supplier's performance.


Dean Best | 3 May 2017

HKScan, the Finland-based meat group, today (3 May) reported a first-quarter loss - albeit lower than a year earlier - amid a 4% decline in sales.


John Shepherd | 8 Feb 2017

Meat processor HKScan today (8 February) announced plans for job cuts and a review of the group's operating model to "improve profitability and competitiveness" after a "weak" performance led to a sharp drop in operating profit for 2016.


Katy Askew | 20 Jan 2017

Finnish meat processor HKScan is expanding in the domestic beef market through the acquisition of full ownership of Paimion Teurastamo. 


Katy Askew | 17 Jan 2017

HKScan is looking to streamline operations at two of its Finnish plants, Forossa and Outokumpu, in a move that will lead to job cuts. 


Katy Askew | 13 Jan 2017

Meat processor HKScan has said it now expects a sharper decline in 2016 operating profit than previously suggested. 


Dean Best | 14 Nov 2016

HKScan, the Finland-based meat processor, has started an internal investigation into its operations in the Baltic states.


Katy Askew | 2 Nov 2016

HKScan, the Nordic meat group, today (2 November) revealed its sales dropped during the first nine months of the year, pointing to a "disappointing" performance from its largest market, Sweden, and lower revenue in Finland and the Baltics. 


Katy Askew | 21 Oct 2016

European meat group HKScan has lowered its full-year profit forecast on weaker sales and higher costs. 

Latest blogs

Hannah Abdulla | 23 Jan 2015

Russia has insisted it has no plans to lift the EU ban on food imports, its deputy prime minister, Arkady Dvorkovich, told an audience at the World Economic Forum on Wednesday (21 January).


Dean Best | 27 Jun 2014

Moscow's decision to ban EU shipments of pork products entering Russia is "clearly disproportionate, discriminatory and not based on science", Brussels said today (30 June) as it detailed why it had asked the WTO to intervene.



Forgot your password?