As part of its strategy for profitable growth, HKScan has announced new investments at its bacon plant in Swinoujscie, Poland.
With the expansion will come increased capacity and state-of-the-art production technology for the development of new products and improved product quality. The investment is valued at approximately EUR12 million (around US$13.7 million), and it is scheduled for completion by the end of 2017.
One month ago, HKScan received environmental approval for a new poultry processing facility in Rauma, Finland.
HKScan is a leading meat company in Finland, Sweden, Denmark and the Baltic States, producing, selling and marketing high-quality, responsibly-produced pork, beef, poultry and lamb products, processed meats and convenience foods under strong brand names. The company exports to around 50 countries. In 2015, HKScan had net sales of approximately EUR1.9 billion and some 7 400 employees.
HKScan recently released its financial report for the first quarter of fiscal year 2016, with Deputy CEO Aki Laiho calling the performance “unsatisfactory.”
Despite the challenging business environment, the company’s outlook for 2016 remains unchanged, with profits expected to improve from 2015.