View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
May 28, 2002

FINLAND: Raisio pulls margarine production in Sweden

Finnish food producer Raisio is to pull the plug on its loss-making margarine production unit in Sweden, concentrating its operations instead in Finland and Poland. A statement posted on the company on its website read: “The intention ... is to concentrate the margarine production to Finland and Poland by early 2003.”

Finnish food producer Raisio is to pull the plug on its loss-making margarine production unit in Sweden, concentrating its operations instead in Finland and Poland.

A statement posted on the company on its website read: “The intention … is to concentrate the margarine production to Finland and Poland by early 2003.”

Raisio explained that the closure would mean that it incurs a €5m (US$4.6m) restructuring cost, however the move will improve its group bottom line.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food