The new plant stretches over a total surface of 25,000 square meters and includes three processing units for yogurt, cheese and milk, respectively. Milk reception capacity stands at 40,000 liters an hour.
“Full production capacity will be reached in approximately three years and around 60% of the total output will be exported,” said Ilias Pliatsikas, deputy managing director of Olympus Romania.
Olympus started operations in Romania in 1999. Apart from the Brasov plant, the group owns a milk procession unit in Baraolt, Covasna county. Additionally, the group holds a 23% stake in dairy producer Prodlacta Brasov.
The company invested EUR70 million on the local market so far.
In 2010, the Greek company reported total sales in Romania of EUR20 million and net profit of EUR47,500. The company estimates overall sales of EUR24-EUR25 million for 2011.
Headquartered in Trikala, Olympus runs operations in 34 states
worldwide. The group posted total sales of EUR216 million in 2010
and Ebitda of EUR38 million.