HKScan has been granted a Euro 7.2 million (US$9.7 million) property insurance payment following the 2012 fire which halted production at its Vinderup plant, one of three the company operates in Denmark.
The payment will be reported as non-recurring income in the fourth quarter of 2013. Negotiations with its insurance company on damage to property, loss of profit and additional costs caused by business interruption are now complete.
The fire is thought to have been ignited by a welding spark during the installation of a new cooling line. HKScan notes that the total capital expenditure related to the fire amounts to Euro 26.5 million.