French cheese co-operative, the Fromagerie de l’Ermitage, is to invest around EUR60m (US$79.7m) over three years to increase production.
The firm will invest in capacity at its plant in Bulgnéville, eastern France and in building a drying tower for whey.
The investment is to meet growing demand for the group’s cheeses in the EU, North America and Russia, compensating for flat domestic demand, a spokesperson said.
“This investment programme is essential if we are to remain competitive and we are looking for support from the public sector being unable to finance it alone,”
he said.
Fromagerie de l’Ermitage, which employs around 1,000 staff, posted a 4% increase in 2012 turnover to EUR335m.
Roughly half of sales are generated by soft cheeses and the other half by cooked and uncooked pressed cheeses.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData