International Internet Magazine. Baltic States news & analytics
Saturday, 20.12.2014, 13:31
Premia Foods invested 750,000 euro into ice cream production
The company informed the Tallinn stock exchange that an investment was made into and a new impulse ice cream production line was purchased from Tetra Pak, enabling to increase the speed of production by 50% per hour. In addition to the increase of production speed, the new line enables to cut labour and energy costs and provides opportunities for product innovation.
Premia also invested into a modern cone ice cream packaging machine, which while comparing to the old packaging machine, enables to as much as double the speed of packaging of the cone ice creams marketed under the “Eriti Rammus” brand – the leaders of the Estonian ice cream market. This will also result in the increase of production volume and increasing the efficiency of the production on the cone ice cream line.
“Premia’s success in the ice cream market is based on constant innovation and the increase of production efficiency. Premia’s strengths are our valuable brands, which have ensured our leader position in the Baltic and Estonian ice cream markets. The investments made were well justified in order to strengthen our position and ensure sustainable development. These investments will soon enable us, among other things, to please all ice cream lovers with new products in all of our target markets,” said Katre Kõvask, the Chairman of the Management Board of Premia Foods.
AS Premia Foods is a food production and sales company, which operates in six markets and is listed in NASDAQ OMX Tallinn Stock Exchange since 5 May 2010. The turnover of the company in 2012 was 86 million euro and the company employs approximately 750 people in six countries.