PJSC Ternopil Dairy Plant, a large Ukrainian milk processing enterprise (the Molokiya brand), plans to invest UAH 100 million in expanding its production facilities in the next three years.
The press service of the company told Interfax-Ukraine UAH 80 million of total investment will be spent on building a milk powder facility. It is expected that the construction will last at least two years. The plan for 2017 is to carry out preparatory work before the construction of the workshop.
In addition, the plant plans to invest at least UAH 20 million in expanding the capacity for production of fresh dairy products and butter.
“These investments are not external, these are the funds from the enterprise’s profit, depreciation charges and credit funds,” the press service noted.
The company plans by the end of 2017 to expand its milk processing capacity by 20%, in particular increase the capacity for production of fresh dairy products by 30% compared with last year.
Ternopil Dairy Plant exports casein and butter to Poland, Germany, Holland, Latvia, the United States, Georgia, and Morocco. It estimates its share of the Ukrainian market in the category of sour-milk products, butter and curd at about 5%.