Oslo / NO. (ok) Norway’s Orkla ASA has decided to cease its operations related to Hamé Foods ZAO in Russia. The company has 367 employees in Russia and had a turnover of NOK 184 million in 2021. Its production consists of long shelf life food products for the Russian market. «After a thorough decision-making process, we have concluded that it is no longer desirable to continue to operate in Russia, and we are therefore ceasing our activities. We will strive to take care of the employees in the best possible way in a difficult time,» says Johan Wilhelmsson, CEO of Orkla Foods International. Orkla has also stopped exports and imports related to Russia and Belarus. In 2021, Orkla had exports to Russia and Belarus totalling NOK 105 million (EUR 10.69 mio.). Imports from these two countries amounted to NOK 23 million (EUR 2.34).
Orkla ASA is a leading supplier of branded consumer goods and concept solutions to the consumer, out of home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Orkla is listed on the Oslo Stock Exchange and its headquarters is in Oslo. In 2021, the Group had a turnover of NOK 50.4 billion (EUR 5.13 billion), and it has around 21,500 employees.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center