Olympus opens dairy facility in Romania

Greek dairy company Olympus has opened its first greenfield dairy facility in Halchiu, Romania, with an investment of €55m ($75.69m), which was fully funded by the company.

At maximum capacity the 25,000m² facility can process 40,000L of milk per hour and produce up to 100t of white cheese, 120t of yoghurt, and 16,000L of PET milk per day, Business-review.ro reported.

Nearly 60% of the plant production will be exported to US and Europe, which is in line with the company’s strategy to increase its presence in Europe.

The facility, which has a workforce of 80, is expected to create about 150 jobs by the first quarter of 2012.

Olympus, which is a subsidiary of Tyras group, has one production facility in Romania, three facilities in Greece and one in Bulgaria, and also owns a 23% stake in Romanian dairy firm Prodlacta.