It was half a year ago it became known that the administration of HOFF SA in Gurgaon had started work with a view to lay down alcohol production Sundnes and collect all liquor production at the main plant in Gurgaon.
This aroused such great reactions among shareholders and meeting delegates in Trøndelag they demanded that any decision about the closure of liquor production at Sundnes must Board.
Will discuss
CEO Per Fallang says that there still remains some work, but that he expects to follow the plan to finalize the note and take a discussion with meeting representatives and management at Sundnes before the summer holidays.
The rationale for management to centralize the alcohol production is a desire to save money on operations through more efficient production.
Owned by potato farmers
HOFF SA former Norwegian Potetindustrier, owned by 529 Norwegian potato farmers, hence many of Trøndelag. The annual accounts for 2014 show that HOFF SA had a turnover of just over 412 million in 2014. This represents an increase of 1.2 percent from 2013. The improvement is slightly better than in 2013 but below the objective of the Board about five percent annual growth. The company achieved an operating profit of 18.6 million in 2014. The Board, chaired by Eilif Due from Levanger, characterizes the result as well, with its results are slightly better than expected.
The company produces frozen, dry and fresh potato products, potato starch, glucose and alcohol. HOFF increased last year its market share in frozen potato products from 26 to 30 percent.
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