French farming co-operative Triskalia is this year investing more than EUR20m (US$22.1m) in its vegetable and poultry processing activities.
It forms part of a EUR60m spending programme undertaken by the Brittany-based group in 2016 and which also earmarks upstream activities such as animal feed, silos and the harvesting of vegetables as well as Triskalia’s distribution network and IT system.
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A company spokesperson confirmed to just-food that EUR13m will be dedicated to optimizing productivity, addressing product quality and reducing energy consumption at the co-operative’s frozen vegetables and ready meals subsidiary, Gelagri, a joint-venture with Bonduelle, which has four production sites in France and Spain.
Enjoying a leading position in the private label segment in France and in Spain, the company has an annual turnover of EUR165m.
A further EUR8.3m will target the same areas at the seven plants operated by poultry subsidiary, Ronsard, a third of whose turnover of EUR200m is accounted for by exports.
Provision is also made for financial investment with Triskalia contributing to an increase in the capital of dairy subsidiary, Laïta, whose brands include Paysan Breton butter.
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By GlobalData
