Last Sardine Plant in Norway to Close Down
A weak dollar exchange rate and lost earnings mean forced King Oscar to finish production.
The plant produces more than seven million tins of sardines a year and more than 70 per cent of these are destined for the US market. The plant is to close on April 30 this year. Production will be transferred to King Oscar’s plant at Gniewino in Poland, which currently has 400 employees.
Davanger was the last sardine plant in Norway, but King Oscar will continue to sell sardines from the Norwegian fjords.
Related news
More related news >
Related news
MBH quick analysis: Industry performance remains subdued
Industry continues to deliver weak figures: in June, industrial production…
Read more >AI and sustainability could be breakout points for midsize companies in times of uncertainty
According to the latest data from Grant Thornton International Business…
Read more >Many more people would resign than last year if home office were abolished
The vast majority of employees are in favor of remote…
Read more >