Press-release
Milkiland acquired Mazowiecka Spoldzielnia Mleczarska “Ostrowia”, a cheese production plant located in Ostrów Mazowiecka of Masovian Voivodeship, Republic of Poland.
Ostrowia is an advanced cheese making facility capable of producing wide range of dairy products essential to Milkiland, including hard cheese, curd cheese, yoghurts and processed cheese. In 2003-07, the Ostrowia undergone major modernization and currently comprises a state-of-the-art cheese plant. Ostrowia brand is well known in the Polish market and abroad.
Ostrowia is currently in stand-by mode with low capacity utilization. It needs investments to operate at full capacity and be adjusted to comply with CIS markets requirements. Milkiland plans to accomplish necessary investments by the end of 2012 and achieve the target capacity utilization in 2013-14.
Comment from Anatoliy Yurkevych, CEO, Milkiland N.V.:
“Ostrowia is a perfect addition to Milkiland’s asset base and after launching investments will become one of the largest and best equipped cheese making facilities of Milkiland.
This acquisition will bring new international exposure to the business of our Group. With Ostrowia, Milkiland will combine its in-depth knowledge of CIS dairy markets with advantages of Polish dairy sector, such as developed milk supply base, reasonable costs and advanced dairy technologies.
Poland is already one of the largest dairy exporter in EU, and Milkiland will turn its still untapped potential to CIS markets, primarily Russia and Ukraine.
Also, with Ostrowia, Milkiland opens a door to a tremendous EU dairy market, with long term opportunities for growth and business diversification.”
About Milkiland Group
Milkiland Group is a TOP-5 CIS diversified dairy producer operating in Russia, Ukraine and Poland, offering a wide range of dairy products such as fresh dairy, cheese and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.
In Russia, the Group produces fresh dairy products at Moscow-based OJSC “Ostankino Dairy Combine” and sells under Ostankinskaya brand. Also, Dobryana Ukrainian cheese is sold in the most Russian regions.
In Ukraine, the Group operates 10 plants and offers a wide range of fresh dairy, cheese and butter under Dobryana and Kolyada brands.
In Poland, Milkiland Group acquired Mazowiecka Spoldzielnia Mleczarska “Ostrowia”, the cheese production plant located in in Ostrów Mazowiecka town of Masovian Voivodeship of the Republic of Poland.
Milkiland exports dairy products to over 30 countries.
Milkiland N.V. is a Dutch holding company of the Milkiland Group. DE “Milkiland Ukraine” and Milkiland sp. z. o. o. are the 100% subsidiary company of Milkiland N.V., which control the Group’s business in Ukraine and Poland subsequently.
Shares of Milkiland N.V. are listed on the Warsaw Stock Exchange since December, 6, 2010.
For more information please contact:
Sergey Trifonov, IRO,
tel. + 380 50 380 7036
e-mail: ir@milkiland.nl