Pēd. atjaunots: 02.07.2024 14:08 (GMT+3)

Rakvere LK: Estimated effects of Latvian import duties on meat

02.06.1999, Rakvere Lihakombinaat, TLN
RAKVERE LIHAKOMBINAAT
ANNOUNCEMENT
02.06.99


Rakvere Lihakombinaat hereby presents its evaluations about the
effects of duties imposed by the Latvian Parliament on pork imports
on the Rakvere Lihakombinaat group.


1) Until 01.06.1999 Rakvere Lihakombinaat provided its Latvian-based
subsidiaries Rigas Miesnieks and Rigas Miesnieks Trading with
pork. After imposing of import duties, the direct production costs
of Rigas Miesnieks will increase in 7 months by 20.3 million EEK.
2) Production facilities of Rakvere Lihakombinaat group are
specialized, e.g. Rakvere Lihakombinaat produces certain goods to
the Latvian market under trademark of Rigas Miesnieks, and Rigas
Miesnieks produces certain goods to the Estonian market under
trademark of Rakvere Lihakombinaat. After imposing of import
duties on pork, the direct production costs of Rigas Miesnieks
Trading will increase in 7 months by 1.2 million EEK.
3) As of 01.06.1999, Rakvere Lihakombinaat will reduce buying-up of
pigs (except subsidiary AS Ekseko), since the company lacks sales
channels to Latvia. Workload of the abattoir of Rakvere
Lihakombinaat will then decrease by approximately 35%, i.e. price
of raw materials for sausage factory will increase by 3 EEK/kg.
After imposing of import duties, the direct production costs of
Rakvere Lihakombinaat will increase in 7 months by 10.5 million
EEK.
4) Total estimated costs to AS Rakvere Lihakombinaat group: 32
million EEK.



Teet Soorm
Financial Director
AS Rakvere Lihakombinaat

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