News in Brief
FAGE to construct new €150m facility in the Netherlands
Greek dairy company FAGE said due to increased sales volumes in Europe, it plans to increase production capacity by constructing a new manufacturing facility at the Riegmeer Hoogeveen business park in the Netherlands.
When fully operational, the company said it anticipates the new manufacturing facility initially will contribute an additional 40,000 tons of yogurt production capacity annually and create 250 full-time jobs.
FAGE said it expects to invest approximately €150m ($169m) to construct the new manufacturing facility, and has signed an option contract for a 15-hectare plot with the municipality of Hoogeveen.
The company said it expects the new manufacturing facility will be operational in the second half of 2024.
