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Lielzeltini poultry farm to invest EUR 500,000 in new equipment
BC, Riga, 24.10.2017.Print version
Latvia’s Lielzeltini poultry farm plans to invest EUR 500,000 in thermal processing systems and transportation equipment, writes LETA, according to information posted on the internet website of the Procurement Monitoring Bureau.
Tenders have been announced for these procurements.
As reported, during its last fiscal year, which lasted from July 1, 2015 to June 30, 2016, Lielzeltini poultry farm generated EUR 31.893 million in turnover, down 7.9% from the previous fiscal year, while its profit dwindled to EUR 84,849.
Lielzeltini makes poultry meat and its products, as well as animal feed.
As reported, Lithuanian agricultural investment company Linas Agro Group in October 2013 paid EUR 12.5 million for four Latvian poultry companies, acquiring 87% of shares in Putnu Fabrika Kekava and 100% of shares in each Lielzeltini, Broileks and Cerova.