Karlshamns expects growth from new regulations

6/28/2000-On 25 May the European Council confirmed the recommendation previously issued by the European Parliament, to the effect that other vegetable fats may now replace up to 5% of cocoa butter in chocolate products sold within the European Union. This new legislation is said to be a positive development for Karlshamns AB, as the market for cocoa butter replacers may be expanded, says Chairman of the Board Jan Ohlsson from Nordico Invest. Karlshamns is now preparing for the consequences, reviewing how the company's production capacity for speciality fats may be further improved. Harmonisation of the European chocolate standard means that free trade between the member states is now guaranteed, while it is now also possible to replace up to 5% of cocoa butter by other, clearly specified and EU approved, vegetable fats.