The Milk producer “Milkiland” expands its business

The Milk producer “Milkiland” expands its business

17.05.2016 News

The Milk producer The “Milkiland” dairy group with assets in Ukraine, Russia and Poland completed the registration of one Polish and two Panamanian subsidiary trading companies in the first quarter 2016.

According to the report of the group on the site of the Warsaw Stock Exchange, in Poland was registered UA TRADE Sp.zo.o., in Panama – Newholm Systems S.A. and Agrointer Corporation.

As reported, “Milkiland” in 2015 got a net loss in the amount of 73,296,000 euros, which is 1.2% more than in 2014. Its revenues declined by 33.7% – to 191.5 million euros, mainly due to the devaluation of local currencies to the euro, the deterioration of consumer demand for dairy products due to lower household income on the company’s primary markets.

The “Milkiland” group of companies is one of the five largest producers of dairy products in the markets of Ukraine and Russia.

In Ukraine, the Group operates 10 plants, which  produce a wide range of dairy products, including cheeses, fresh dairy products and butter, which are sold under the trademarks “Dobryana” and “Kolyada”.

In Russia, “Milkiland” produces dairy products under the trademark “Ostankino” at “Ostankino Dairy Plant”, PJSC (Moscow).

In the summer of 2012, “Milkiland” acquired Mazowiecki Ostrowia cheese factory in Poland, in early 2013 – “Syrodel”, JSC in Russia.

Source: delo.ua

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