Milkiland acquired Mazowiecka Spoldzielnia Mleczarska \u201cOstrowia\u201d, a\u00a0cheese production plant located in Ostr\u00f3w Mazowiecka of Masovian Voivodeship, Republic of Poland.<\/p>\n
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.<\/p>\n
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. \u00a0Milkiland plans to accomplish necessary investments by the end of 2012 and achieve the target capacity utilization in 2013-14.<\/p>\n
Comment from Anatoliy Yurkevych, CEO, Milkiland N.V.:<\/i>
\n<\/i>
\n\u201cOstrowia is a perfect addition to Milkiland\u2019s asset base and after launching investments will become one of the largest and best equipped cheese making facilities of Milkiland.<\/i><\/p>\n
This acquisition will bring new international exposure to the business of our Group. With\u00a0Ostrowia, 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. \u00a0<\/i><\/p>\n
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.<\/i><\/p>\n
Also, with Ostrowia, Milkiland opens a door to a tremendous EU dairy market, with long term opportunities for growth and business diversification.\u201d \u00a0\u00a0\u00a0\u00a0\u00a0<\/i><\/p>\n
About Milkiland\u00a0Group<\/b><\/p>\n
Milkiland Group is a TOP-5 CIS diversified dairy producer operating in Russia, Ukraine and Poland, offering a\u00a0wide range of dairy products such as fresh dairy, cheese and butter, to\u00a0satisfy consumers in\u00a0their everyday needs for healthy and tasty foods.<\/p>\n
In Russia, the Group produces fresh dairy products at Moscow-based OJSC \u201cOstankino Dairy Combine\u201d and sells under Ostankinskaya brand. Also, Dobryana Ukrainian cheese is\u00a0sold in the most Russian regions.<\/p>\n
In Ukraine, the Group operates 10 plants and offers a wide range of\u00a0fresh dairy, cheese and butter under Dobryana and Kolyada brands.<\/p>\n
In Poland, Milkiland Group acquired Mazowiecka Spoldzielnia Mleczarska \u201cOstrowia\u201d, the\u00a0cheese production plant located in in Ostr\u00f3w Mazowiecka town of\u00a0Masovian Voivodeship of the Republic of Poland.<\/p>\n
Milkiland exports dairy products to over 30 countries.<\/p>\n
Milkiland N.V. is a Dutch holding company of the Milkiland Group. DE \u201cMilkiland Ukraine\u201d and Milkiland sp. z. o. o. are the 100% subsidiary company of Milkiland N.V., which control the Group\u2019s business in Ukraine and Poland subsequently.<\/p>\n
Shares of Milkiland N.V. are listed on the Warsaw Stock Exchange since December, 6, 2010.<\/p>\n