Turkish dairy buys Swedmilk property and equipment – plan to restart production in six months

One of the largest Turkish dairy companies Sütaş has, through a wholly owned Macedonian subsidiary, concluded an agreement with NLB Tutunska Banka AD Skopje to purchase the mortgaged property and equipment of Swedmilk. The new owner plans to restart Swedmilk’s production of milk within six months and in addition thereto intends to start cheese production at the dairy.

According to the Macedonian newspaper Vecer the raw milk will be delivered to the dairy by local farmers, which would mean engagement of over 20.000 Macedonian farmers.

Link to the article: http://www.vecer.com.mk/default.asp?ItemID=67BB479D51775C4892459A80B85B6C8D.