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HKFoods invests in the growing meal category at its Vantaa unit - New technology line to prepare meals to make consumers' everyday lives easier

HKFoods Plc has decided on a significant strategic investment of approximately EUR 5 million in the meal production of its Vantaa unit. The investment is HKFoods’ response to the growing demand for ready meals in both the retail and food service sectors.

The investment supports HKFoods’ strategy to increase added value and operational efficiency. The company aims to grow in product categories that make everyday life easier for consumers, such as meals, meal components and snacks.

Net sales and comparable EBIT from HKFoods’ continuing operations increased

HKFoods’ extensive restructuring progressed in the second quarter. At the beginning of May, we announced that we have signed an agreement to sell our Danish subsidiary ROSE Poultry A/S to the Dutch Plukon Food Group. The transaction is expected to close during 2024 and it will be subject to the approval of the Danish competition authorities.

On a positive note, the second quarter saw an improvement in the company's net sales and comparable EBIT, as well as the conclusion of the financing negotiations in the spring, which ensured the company's financial continuity.

The company’s new name is HKFoods Plc

The change decided by the Annual General Meeting of HKScan Corporation on 18 April 2024 has been registered in the Trade Register today, 24 May 2024. The company name has changed to HKFoods Oyj in Finnish, HKFoods Plc in English and HKFoods Abp in Swedish.

Inside information: HKScan to sell its Danish business

HKScan has signed an agreement to sell the shares of its Danish subsidiary HKScan Denmark A/S to Plukon Food Group B.V. from the Netherlands. The debt-free purchase price is EUR 44.6 million.

5 tips on what I can do for the local food chain

Securing local food production is our shared mission. Smart practices ensure that you can always rely on the quality, responsibility and safety of the food produced in HKFoods’ home markets. HKFoods’ familiar brands and great-tasting food have been an important part of Northern Europeans’ food moments for over a hundred years. Now we all need to pull together so that we can continue to enjoy local food for the next hundred years.

Join our journey towards a versatile food company

At HKFoods' continuing operations, we are about 3600 in Finland, Denmark and Poland. Our value chain offers variety of professional opportunities. Visit our open positions and join us.

We make life tastier together with our personnel.

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SBTi approval for HKScan’s near-term and land based climate targets

HKScan has updated the climate emissions calculation, climate target and timeline of its responsibility programme to better align with international climate work guidelines, calculation guidelines and reporting standards. HKScan’s revised climate target is to achieve net zero for all greenhouse gas emissions by 2050.

Responsibility

Food that does good

We make responsible, delicious food with over hundred years of experience. For us, responsibility means genuine action throughout the value chain and continuous improvement. As a leading food company in the Nordics, we pave the way for more responsible food production.