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International Internet Magazine. Baltic States news & analytics Friday, 21.06.2024, 17:04

Balticovo egg producer to invest EUR 13 mln in production plant

BC, Riga , 10.12.2020.Print version
Balticovo egg producer has launched construction of a new production plans and will invest EUR 13 mln in it, LETA learned from the company, writes LETA.

The floor space of the new complex will be 8,500 square meters.

The complex will consist of the egg sorting plant, egg boiling workshop and product packaging warehouse. The conversion of the existing building and the construction of a new block is planned within the project in accordance with category A of the BRC quality system of the highest level of food safety. It is planned to open the production complex in 2021.

An egg sorting plant is planned in the complex with the capacity to inspect and sort 190,000 eggs in one hour. Production capacity will increase to 4,000,000 eggs processed per day. With the help of the most modern technologies, the damaged eggs will be automatically identified and removed, so that they do not end up in the finished production, and the eggs will also be sorted by size.

The new sorting plant will also allow the development of wider cooperation with local farms, by purchasing eggs for further quality control and marketing.

The newly built block of the complex will also house a modern egg boiling workshop, which will provide the capacity of boiling up to 40,000 eggs per hour. Boiled eggs are mostly used as a product by the HoReCa industry – the catering companies.

Over the last three years, more than EUR 26 mln have already been invested in the development of the company and the industry, and over the next year the investments will reach almost EUR 40 mln.

In 2019, Balticovo posted EUR 50.914 mln in turnover and EUR 1.614 mln in profit.  

Balticovo exports 70% of its output to more than 20 countries. The company's largest owner is BCO (95.42%), while the beneficial owners are Tatjana Poplavska and Valdis Grimze, as well as Mhitars Mhitarjans.

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