The planned investments include a new composting factory at the Lacto Agrar farm, the second within the Group, and the installation of solar panels on the rooftops of buildings at Apold, Lacto Agrar, and Cut (DN AGRAR Service) farms.
According to the company, the compost factory at Lacto Agrar farm with a capacity of 7,000 tons of organic fertilizer annually.
The investment is to start in 2025 with the aim of becoming fully operational in Q4 2025. The total investment amounts to EUR 1.7 million and will be financed through bank financing.
„Following the operations started at our first composting unit at Apold farm, which has generated significant market interest, we are now pleased to announce plans to expand our operations by installing a second composting unit at Lacto Agrar farm. This new facility is expected to become fully operational in Q4 2025. In line with our commitment to sustainability, we have also initiated the process of obtaining voluntary carbon certification for the compost produced,” stated Peter de Boer, Board Member & Strategy and IR Director, DN AGRAR Group.
As for the installation of solar panels, the total investment is approximately 1.7 million euros and 60% of the total value will be reimbursed after installation through non-refundable funds from PNRR (Romania’s National Recovery and Resilience Plan).
The Installation of the panels will start in the 2nd quarter of 2025.
„We estimate that through this project we will become completely energy independent for our Lacto Agrar, Cut and Apold farms.”
The company was set up in 2008 by Jan Gijsbertus de Boer and has been listed on the Bucharest Stock Exchange, on the AeRO market, since February 2022.
(English version by Catalina Apostoiu)