Germany’s Meggle AG, the parent to a group of companies active within the dairy field, will invest almost $3 million to develop Serbia’s Mladost dairy, which it formally took over today, Beta news agency cited its chief executive officer Sil van der Ploeg as saying. Meggle will invest 210 million dinars ($2.86 million) to expand capacity and prepare the dairy based in Kragujevac, about 110 kilometers south of Belgrade, to also produce its own brand and sell it to the markets of neighboring Montenegro and FYR Macedonia.
Source Balkans.com
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