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Oct 20, 2009 14:54 EEST
October 20 (SeeNews) - Croatian blue-chip food, beverages and drug producer Podravka said it aims to branch out into agricultural production by farming 1,000 hectares of government land.
Podravka is very interested in starting its own agricultural production, having ensured own raw materials on almost 1,000 hectares of state-owned land in the Koprivnica-Krizevci county, in the north, CEO Zdravko Sestak said in a statement. On Monday Sestak presented company plans to the county governor Darko Koren.
By developing an agrarian business Podravka aims to provide strategic raw materials in the area around Koprivnica, complete production and food safety control and develop cooperation with family-owned farms, the statement said.
Podravka plans to grow vegetables, grain, animal feed and raise cattle on the land.
Podravka shares were trading down 0.38% at 305 kuna ($63.2/42.2 euro) on the Zagreb bourse by 1030 GMT on Tuesday.
(1 euro=7.2216 Croatian kuna)
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