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Milkiland acquired a cheese producer in Russia

20.02.2013

Milkiland acquired the assets of JSC “Syrodel”, a cheese plant located in Rylsk city of Kursk region (Russian Federation). The plant is designed to produce cheese (up to 3.5 kt/ year), whole milk products and butter. Currently, it operates at about 10% of its capacity. The products of Syrodel are mainly sold in in Kursk, Voronezh and Lipetsk regions of Russia.

Strategically, Milkiland will use Syrodel to produce hard and specialty cheeses for Russian market and serve as supplier of butter, cream and other products for the Group’s Ostankino Dairy Combine based in Moscow.

During 2013 Milkiland intends to increase capacity utilization of Syrodel up to c. 60%, 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.

Comment from Anatoliy Yurkevych, CEO, Milkiland N.V.:

“Acquisition of Syrodel is first step in fulfilling our strategic goal to establish cheese production in Russia – Milkiland’s 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.

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 Moscow.”

About Milkiland Group

Milkiland Group is a TOP-5 CIS diversified dairy producer operating in Russia, Ukraine and Poland, offering a wide range of dairy products such as fresh dairy, cheese and butter, to satisfy consumers in their everyday needs for healthy and tasty foods.

In Russia, the Group produces fresh dairy products at Moscow-based OJSC “Ostankino Dairy Combine” and sells under Ostankinskaya brand. Also, Dobryana Ukrainian cheese is sold in the most Russian regions.

In Ukraine, the Group operates 10 plants and offers a wide range of fresh dairy, cheese and butter under Dobryana and Kolyada brands.

In Poland, Milkiland Group acquired Mazowiecka Spoldzielnia Mleczarska “Ostrowia”, the cheese production plant located in in Ostrów Mazowiecka town of Masovian Voivodeship of the Republic of Poland.

Milkiland N.V. is a Dutch holding company of the Milkiland Group. DE “Milkiland Ukraine” and Milkiland sp. z. o. o. are the 100% subsidiary company of Milkiland N.V., which control the Group’s business in Ukraine and Poland subsequently. 

Milkiland exports dairy products to over 30 countries.

Shares of Milkiland N.V. are listed on the Warsaw Stock Exchange since December, 6, 2010.

For more information please contact:
Sergey Trifonov, IRO,
tel. + 380 50 380 7036
e-mail: ir@milkiland.com