Finland-based Atria has announced plans to expand its poultry production capacity in Finland through a €130 million investment project.
According to Atria, consumption of poultry has been ‘growing strongly’ in Finland over the last few years, with the value of poultry consumption increasing by 4% in 2019 alone.
This planned €130 million investment seeks to capitalise on this growing demand by upgrading the company’s production network. The project will include the construction of new production facilities and lines at the company’s factory in Nurmo, Finland, and will also pay for the renovation of Atria’s existing production facilities.
Atria has now started the application process to gain regulatory approvals from the relevant authorities, and a statement from the company estimates that the project is expected to be fully completed by the end of 2024 at the earliest.
Juha Gröhn, CEO of Atria said: “We will initiate the project planning based on preliminary studies. If implemented, the investment would be one of the largest single investment projects in Atria’s history.
“We have a strong belief in Finnish food production and the fact that the Finnish meat industry will succeed in international competition, as long as we have courage to invest in it.”
© FoodBev Media Ltd 2019