| | KOMISJA NADZORU FINANSOWEGO | |
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| | Raport bieżący nr | 2 | / | 2013 | |
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| | Data sporządzenia: | 2013-02-20 | | | | | | | | | |
| | Skrócona nazwa emitenta | | | | | | | | | |
| | MILKILAND N.V. | |
| | Temat | | | | | | | | | | |
| | Acquisition of production assets of JSC “Syrodel" | |
| | Podstawa prawna | | | | | | | | |
| | Inne uregulowania
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| | Treść raportu: | | | | | | | | | |
| | The Board of Directors of Milkiland N.V. (the "Company") hereby informs that on February 15, 2013, LLC “Kursk Moloko", a 100% Russian subsidiary of Milkiland Group, has acquired production assets of JSC “Syrodel" (“Syrodel") in Rylsk city of Kursk region (Russian Federation).
The acquisition price and associated costs comprised RUB 85 million (c. EUR 2.1 million). Initial investments and repairs are estimated at EUR 1 million.
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 с. 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.
The acquisition was financed from cash generated by operating activities of the Milkiland Group.
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