Atria.com logo
Stock exchange releases | 26.6.2007

ATRIA CENTRALISES ITS BALTIC COUNTRIES PRODUCTION IN ESTONIA, PRODUCTION PLANT IN LITHUANIA WILL BE CLOSED

Atria Group centralises Atria Baltia's production operations in the Valga       
factory in Estonia. The operation of a production plant in Vilnius will be      
stopped and the factory closed at the latest on 31 August 2007.                 

Atria's operation in Lithuania has been unprofitable and the market share is too
little (approximately 3%). In connection with closing the operations, 139       
employees will be given notice in the Lithuanian factory. Production will       
continue no further than the end of August, and the orders made before the end  
of June will be delivered to customers as agreed. The factory real estate in    
Vilnius is in the property of Atria. Atria is searching for an opportunity to   
sell the real estate and the land area connected to it.                         

The closing of the factory causes a one-time payment of approximately two       
million euro.                                                                   

For further information, please contact:                                        
Matti Tikkakoski, President and CEO of Atria Group, tel. +358 50 2582 and Juha  
Ruohola, Group Vice President, Atria Russia & Baltic Countries, tel. +358 400   
647160.                                                                         


ATRIA GROUP PLC                                                                 
Matti Tikkakoski                                                                
President and CEO                                                               


DISTRIBUTION                                                                    
Helsinki Stock Exchange                                                         
Principal media                                                                 
www.atria.fi

Jaa

Back to newsroom