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Friday, 26.04.2024, 01:07
Rigas Piena Kombinats dairy company plans to invest EUR 4.4 mln in production equipment
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The company plans to invest EUR 3.6 mln in the production
line and EUR 800,000 in tanks for dairy products.
The investment project should be implemented by December 30,
2019, attracting financing from the European Agricultural Fund for Rural
Development.
As reported, Rigas
Piena Kombinats last year generated EUR 81.121 mln in sales, while the
company’s loss reached EUR 1.124 mln.
Rigas Piena Kombinats,
established in 1991, belongs to Food
Union Holding (CY) Public Company Limited.
Rigas Piena Kombinats
is a member of Food Union dairy
group, which also includes Valmieras Piens
and Rigas Piensaimnieks in Latvia,
ice cream maker Premia in Estonia and
Lithuania, Premier Is and Hjem Is in Denmark, Isbjorn Is in Norway, Alpin57Lux
in Romania, Ingman Ice Cream in
Belarus, Hladokombinat No.1 in
Russia, as well as two dairy plants in China.
The holding’s key shareholder is Russian businessman Andrey Beskhmelnitsky.
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