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.
Go deeper with GlobalData
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
