Dairy giant to invest £243m for boosting production
Dairy products giant Arla Foods has recently announced development plans worth an estimated £243m and designed to further boost the company’s production capabilities, a new business media report has revealed.
The company is set to spend the money on new and ongoing dairy expansions and environmentally friendly upgrades.
Povl Krogsgaard, vice-chief executive officer of Arla Foods, said: This year we are increasing our investments to dairies that contribute to our export out of Europe.
"Our sales on the growth markets outside the EU are growing at a fast pace, and we must prepare ourselves to meet the rapidly growing demand in years to come.
"In Arla we are determined to create good growth, and we are therefore investing almost £14m in projects that will make our production chain even more environmentally friendly."
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