Greek dairy processor Tyras is reportedly set to invest EUR15m in its Tyrbul Sliven plant in Bulgaria over the next few years.
According to local media citing Dimitris Sarantis, co-owner and executive director of Tyras, EUR3m will be spent on new facilities, EUR7m on plant automation and the remainder on new equipment.
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The investment is expected to result in a 50% capacity increase. Tyrbul, set up in 2002 in Sliven, exports more than 80% of its production to EU member states and the US.
Parent company Tyras, which also owns the Olympus brand, produces liquid milk, cheese, feta and yoghurt products.
No-one at Tyras was available to comment when approached by just-food.
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