Milkiland will invest UAH 6 M in its cheese production facilities
2013-01-24 15:20:06
According to the official information released by Milkiland Geenral Director Konstantin Lapcov, “Milkiland-Ukraine” is planning to invest up to UAH 6 M in modernization of cheese production plants in Ukraine. Although there were no specifics given how much would modernization affect production volumes, he stated that overall production volume is expected to increase by approximately 20% over the year. Company is also planning to invest additional EUR 6 M in cheese production plant that is recently purchased in Poland, in order to reach its maximum capacity in 2013-2014.
AgroInvest comment: After issues with cheese and cheese products quality company faced in Russia, it is clear that company’s management and owners do not want to repeat their mistakes. It is also clear that company is aiming at exports to EU, where it would be much easier to accomplish with newly purchased and modernized plant in Poland.