/nginx/o/2017/02/09/6323455t1h0c72.png)
/nginx/o/2013/04/16/1694540t1h3127.jpg)
Altia will relocate the production of alcoholic beverages of its Jaunalko distillery from Latvia to its Tabasalu plant just outside the Estonian capital so as to have a united production unit in the Baltics.
Alcohol maker Altia to concentrate Baltic production in Estonia
Please note that the article is more than five years old and belongs to our archive. We do not update the content of the archives, so it may be necessary to consult newer sources.
The decision to combine the production of the Estonian and Latvian brands beginning from September 2013 is in line with Altia's overall strategy to achieve cost efficiency, the company said.
Board member of Altia's Estonian operation Kristel Mets said the Tabasalu plant that went into operation in 1993 is one of the largest alcohol producers in Estonia that produces brands for both the domestic and export markets.
The closure of the Jaunalko plant affects 26 staff who are entitled to extra allowances and assistance to find new jobs under a support program provided by law for when emlpoyment contracts are terminated.
Altia acquired the majority stake in Jaunalko, one of Latvia's leading alcohol producers, in September 2012.
Altia Eesti is a subsidiary of Altia Corporation operating in the Nordic and Baltic countries. Production accounts for 71 percent and import for 29 percent of Estonia's second-largest alcohol maker's operations. The company employed 74 people at the end of last year.
Altia Eesti posted revenues of 30.7 million euros in 2012 of which it paid out 17.6 million euros in excise duties. Its operating profit was 1.1 million euros. The company sold 5.3 million liters of alcohol during the year.