As p
art of its decision to become an integrated protein company, Marine Harvest on Tuesday announced a plan to strengthen its value added products (VAP) division.
The restructuring plan for VAP Europe will be implemented by the spring of 2014 and reduces the number of processing sites in Europe from 13 to eight. The move shuts down plants in France, Benelux and Poland and affects 450 employees.
A provision of USD 35 million (EUR 27 million) will be made in the second quarter to cover costs associated with implementing the restructuring plan.
The salmon-farming giant said the expectation is that all business activities will be retained, and that the volumes will be allocated to the remaining sites situated in France, the Netherlands, Belgium and Poland.
“These sites will be strengthened going forward to accommodate increased efficiency, throughput and end-customer orientation,” Marine Harvest said.
art of its decision to become an integrated protein company, Marine Harvest on Tuesday announced a plan to strengthen its value added products (VAP) division.The restructuring plan for VAP Europe will be implemented by the spring of 2014 and reduces the number of processing sites in Europe from 13 to eight. The move shuts down plants in France, Benelux and Poland and affects 450 employees.
A provision of USD 35 million (EUR 27 million) will be made in the second quarter to cover costs associated with implementing the restructuring plan.
The salmon-farming giant said the expectation is that all business activities will be retained, and that the volumes will be allocated to the remaining sites situated in France, the Netherlands, Belgium and Poland.
“These sites will be strengthened going forward to accommodate increased efficiency, throughput and end-customer orientation,” Marine Harvest said.
