Vilkyskiu Pienine to open whey processing plant

By Jim Cornall contact

- Last updated on GMT

Lithuanian company Vilkyskiu Pienine is opening a new facility to improve competetiveness
Lithuanian company Vilkyskiu Pienine is opening a new facility to improve competetiveness

Related tags: Value added

Lithuanian dairy processor Vilkyskiu Pienine has announced plans to build a whey processing facility in the western city of Taurage.

The company said the move would allow it "to achieve a more downstream processing level and start making a basket of products with higher added valu​e," in order to boost the company's competitiveness and improve its bottom line.

Gintaras Bertasius, general director said, The project will enable the company to implement one of its strategic goals to achieve a more “downstream” processing level and start making a basket of products with higher added value.”

This is expected to boost competitiveness and improve the bottom line, he added.

Sales down in 2015

The project, which is scheduled to start in February and has an expected completion date of the first quarter of 2017, has an estimated cost of $28.4m (€26m). Vilkyskiu Pienine said the initiative would be partly self-financed, with the remainder through borrowed capital.

The consolidated sales of the company for December 2015 amounted to $7.5m (€6.9m) – a 10% decrease compared to December 2014. Unaudited sales of the company for period January to December 2015 amounted to $91.5m (€84.4m) – a 23% decline compared to the same period in 2014.

Related news

Show more

Related products

Are you in the business of distinctive cheese?

Are you in the business of distinctive cheese?

IFF (formerly DuPont Nutrition & Biosciences) | 28-Apr-2022 | Business Advice

Biodiversity is one of your most important considerations when selecting the culture portfolio for your cheese recipe. Because you don't just need...

Research better with IFIS Dairy

Research better with IFIS Dairy

IFIS | 16-Mar-2022 | Product Brochure

We know companies can waste valuable time when searching for scientific research and relying on free resources to support product innovation - but how...

Related suppliers

Follow us

Products

View more

Webinars