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
Stock exchange releases | 26.6.2007