August 26, 2016
Latvian poultry firm to modernise breeding plants
Latvian poultry firm Kekava Poultry Farm said it is investing a total of €2.5million (US$2.82 million) to modernise its breeding facilities with the aim of increasing its exports.
The firm's chief executive, Anris Pranckevicius, told local news agency Baltic News Service (BNS) that the first phase of the modernisation project will involve the investment of close to €1.5 million.
"The investment will be worth a total of between €2 million and €2.5 million", he said.
The project is slated for launching this autumn, and completion is expected by mid-2018, he added.
Kekava aims to raise its output capacity by 10% yearly. It exports its products to Lithuania, Estonia, Sweden, Denmark, Finland, the Netherlands and Uzbekistan.
