Nordic meat and poultry company HKScan is investing EUR80 million (US$90 million) in a new poultry production facility in the western Finland city of Rauma.
Due for completion around the end of 2017, the processing plant will rank among the most significant of HKScan’s production investments to date, and will allow the company to develop innovative poultry products for the home and export markets.
“The investment will strengthen HKScan’s foothold in the rapidly expanding poultry market and in value-added product categories, which are our strategic focus segments,” said CEO Hannu Kottonen.
Upon completion, the plant will employ close to 300 “meat experts,” the company stated, helping to safeguard long-term employment in the region. It will replace HKScan’s current production unit in Eura, which will remain in operation until the new site opens.
The development of the new poultry plant in Finland is one of several major business decisions made by HKScan so far in 2015. The company in April announced it was establishing a sales office in Hong Kong to enhance its export business. Also in April, HKScan finalized the sale of its Estonian egg business, OU Koks Munatootine, to Dava Foods Holdings of Denmark.