January 25, 2013

Milkiland may invest US$737,000 in modernising cheese facilities

Milkiland is planning to invest up to UAH6 million (US$737,000) in modernisation of cheese production plants in Ukraine.

This is according to the official information released by Milkiland General Director Konstantin Lapcov.

Although there were no specifics given how much would modernisation 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 EUR6 million (US$8 million) in cheese production plant that is recently purchased in Poland, in order to reach its maximum capacity in 2013-14.