18 Dec 2014

NIB finances Nortura’s new production facility in Norway

New production facility in Haerland. Photo: Nortura AS

NIB and the Norwegian meat and egg supplier Nortura SA have signed a new ten-year loan agreement of NOK 330 million (EUR 35 million) to finance the company’s new slaughterhouse and food processing facility for white meat in Haerland, Norway.

The Haerland plant started operations in December 2014 and will be fully operational from June 2015. Due to the new plant, Nortura will reduce the capacity of its production facility in Elverum and close down the facility in Rakkestad.

Nortura expects the investment and subsequent reorganization to reduce the company’s annual energy consumption by almost 30%. The heat recovery systems in the new slaughterhouse will utilise waste heat from the refrigeration processes to warm both the building and the water. Nortura’s new slaughterhouse structure is also expected to reduce emissions from transport.

The new slaughterhouse and food processing plant will be one of the most modern production facilities for white meat in Europe. It will allow Nortura to significantly optimise its production efficiency.

Nortura is Norway’s leading supplier of meat and eggs. It is a cooperative owned by 18,000 Norwegian farmers, and has 5,600 employees in 28 municipalities all over the country.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Mr Vagn Lundhøj, Senior Manager Origination, at +358 10 618 0370,

Ms Niina Rantti, Communications Officer, at +358 10 618 0265,

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17 Dec 2014

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EUR 36 million