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Dec 17, 2007 15:08 EEST
CHISINAU (Moldova), December 17 (SeeNews) – The Ribnita dairy company, situated in Moldova's breakaway region of Transdniestria, will invest $1.0 million (696,400 euro) in new equipment to expand its production, the region's official news agency Olvia Press reported on Monday.
Olvia Press said the company will buy equipment for the production of ice-cream, butter, yoghurt and bioproducts. The company has already invested $600,000 in new equipment .
The dairy exports 5.0% of its output to Poland, Serbia, Russia and Georgia. It sells abroad powdered milk and butter, Olvia Press quoted Ribnita's executive director Anatoliy Sultanov as saying.
He added that the company aims to expand its raw material base next year. The dairy provides 15% of the raw materials it needs from its own sources.
Transdniestria government sold the Ribnita dairy company to local oil products retailer Liukka in 2004. Liukka has a subsidiary, Agro Liukka, which manages the dairy.
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