Serbia's Delta Agrar To Invest 26 Mln Euro in Capacity Expansion by 2013 - Media

The company will aim to add 500 hectares of land to its current cultivation area of 17,000 hectares by 2013, Belgrade-based broadcaster b92 (www.b92.net) quoted unnamed Delta Agrar officials as saying. The company also plans to build a cold storage for apples with a capacity of 6,000 tonnes next year and increase its apple production to 45,000 tonnes per year that will generate 20 million euro in revenue when sold. b92 gave no figure for the current apple output.

Among Delta Agrar’s biggest plans next year will be the increasing of exports to Russia, where apple demand is estimated at around 1.4 million tonnes a year.

Delta Agrar, which employs more than 1,800, comprises five agricultural units, two farms, a meat processing unit, a water bottling plant, a pasta factory and agricultural pharmacies.

Delta Holding is owned by Miroslav Miskovic, a Serbian tycoon who emerged in the early 1990s during the rule of ex-Yugoslav strongman Slobodan Milosevic.

($=0.6772 euro)