French dairy co-operative Laïta is to invest EUR50m (US$64.8m) in the modernisation of its manufacturing base.
The investment, “to improve its mix of products, its competitveness and production quality”, is similar to an amount injected in 2012.
Go deeper with GlobalData
One of the plants to benefit from investment this year will be Laïta’s pressed cheese unit in Ploudaniel.
Laita did not go into detail on where the remainder of the investment will be spent but confirmed it is eyeing international expansion of its main Paysan Breton brand. The range includes butter, speciality cheeses, butter milk and fresh cream.
Laïta, which is looking to develop the brand in Europe, posted a 2011 turnover of almost EUR1.16bn.
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
