Increase in Indykpol production capacity

2010-03-02

After a number of investments, the sales of Indykpol, the well-known Polish poultry producer, are to increase by PLN 50m (€10.2m) in 2010. In mid-February, the producer set up a new production line, worth PLN 5m (€1.2m), at its Olsztyn plant. The company also spent PLN 4m (€1m) on the construction of a new cold storage facility in Olsztyn. In total, the investments, including an increase in the working capital needed for the acquisition of a larger amount of raw material, came to PLN 25m (€6.2m).
In addition, Indykpol intends to build its own feed mixing facility, adjacent to the Olsztyn plant. The company has already launched a research project, pertaining to new feed formulae, and has received an EU grant of PLN 10.5m (€2.6m) for this.
For the next four years, the company plans to focus on the Polish market. It has abandoned its plans to set up a plant in Russia. It might either sell its site in Russia or establish a company in cooperation with a local investor.