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Croatia’s Podravka unveils upgraded bakery in Slovenia

Jul 10, 2024, 4:48:12 PMArticle by Annie Tsoneva
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July 10 (SeeNews) - Croatian food and pharmaceuticals manufacturer Podravka [ZSE:PODR] said on Wednesday its Slovenian subsidiary Zito has unveiled its upgraded bakery facility in Maribor, following a 9.0 million euro ($9.7 million) investment in capacity expansion and automatisation.

Croatia’s Podravka unveils upgraded bakery in Slovenia
Source: Podravka

The investment is part of Zito's ongoing upgrade project, initiated two years ago. By the end of 2024, Podravka's investments in Zito will surpass 26 million euro, Podravka said in a LinkedIn note.

Podravka previously stated that the project to enhance Zito's capacity creates conditions for further growth in the bakery unit. It also improves the availability of Podravka's products in the Slovenian and Croatian markets. The initiative includes modernising the bread factory production line in Vic, automating production lines in Maribor, and increasing frozen food storage capacity in Maribor.

Podravka’s shares traded 1.58% higher at 161 euro intraday on Wednesday on the Zagreb bourse.

($ = 0.924 euro)

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