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Meat Company Takes Steps in Case of Euro Problems

14 December 2011, at 5:17am

DENMARK - Danish Crown is making the necessary arrangments so that its business can continue, even if the Euro should collapse.

Danish Crown is encouraging its customers in the Euro zone to sign trade agreements that will maintain their value should the Euro collapse, reports Landbrugsavisen.

"We are currently writing trade clauses that deliveries are made in Euro to a particular exchange rate, and if this is no longer feasible, it must be in Danish kroner. We must ensure that the goods ordered from us not suddenly something worthless," Danish Crown Communications chief, Anne Villemoes, told JyllandsPosten.

Danish Crown relies for a large proportion of its revenue on just the Euro. At Arla Foods also follow the situation closely.

"Our primary precaution is that we are continually trying to adapt selection and procurement to customer demand because of the economic situation," added CFO, Frederik Lotz.