Milkiland acquired the assets of JSC \u201cSyrodel\u201d, a\u00a0cheese\u00a0plant located in Rylsk city of Kursk region (Russian Federation). The plant is designed to\u00a0produce cheese (up to 3.5 kt\/ year), whole milk products and butter. Currently,\u00a0it\u00a0operates at about 10% of its capacity. The products of Syrodel are mainly sold in\u00a0in Kursk, Voronezh and Lipetsk regions of Russia.<\/p>\n
Strategically, Milkiland will use Syrodel to produce hard and specialty cheeses for\u00a0Russian market and serve as supplier of butter, cream and other products for the Group\u2019s Ostankino\u00a0Dairy Combine based in Moscow.<\/p>\n
During 2013 Milkiland intends to increase capacity utilization of Syrodel up to c.\u00a060%, focusing on cheese and whole milk products. In 2014-15 Milkiland will consider modernization of the plant, mainly for the purpose to install new packaging lines and increase in production capacity.<\/p>\n
Comment from Anatoliy Yurkevych, CEO, Milkiland N.V.:<\/p>\n
\u201cAcquisition of Syrodel is first step in fulfilling our strategic goal to establish cheese production in Russia \u2013 Milkiland\u2019s primary market. The plant is favorably located in good raw milk region, and quite close to Ukrainian border, making possible hands-on control from our Ukrainian office.<\/p>\n
In addition to producing cheese, Syrodel will strengthen supply base of our Ostankino, since distance allows competitive supply of concentrated milk and dairy products to\u00a0Moscow.\u201d<\/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 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
Milkiland exports dairy products to over 30 countries.<\/p>\n
Shares of Milkiland N.V. are listed on the Warsaw Stock Exchange since December, 6, 2010.<\/p>\n