Investments totalling the equivalent of £2.15 million are planned by the Latvian poultry processor, Putnu fabrika Ķekava (PFK), partly assisted by EU funding.
The PFK investment, which is part of a plan to increase production by 10%, is set to begin this autumn for completion by mid-2018. The work will centre on the continued modernisation and development of the company’s poultry breeding facilities.
“This will increase our capacity, while also helping to ensure a more effective production cycle,” said PFK chairman, Andrius Pranckevičius, adding that the company had already invested €7.4m (£6.3m) so far this year on a complete overhaul of its fresh meat separator line and slaughterhouse, as well as expanding its range of products.
“Our focus is on the production of chicken meat that is of the highest quality for both local and export markets,” said Mr Pranckevičius.
PFK is one of a number of poultry businesses owned by the Lithuania-based Linas Agro Group, which invested around €8m (£6.85m) in various poultry developments during the financial year ended June 30, 2016, and has committed €10m (£8.5m) to other poultry projects in 2016/17. While the group’s current spend includes the PFK projects, a total of around €2m (£1.7m) still remains to be allocated.