Lactag wants to reach a processing capacity of 4.5 million liters of milk per month during 2022, three times more than at present.
The company will invest in a new 15.000 liter per hour pasteurization line; dairy packaging machines, cheese, increased raw material storage capacity and finished product storage.
For 2022, Lactag’s management estimates a turnover of EUR 21.7 million and is counting on a net profit of EUR 1.6 million.
For 2024, revenues of EUR 31 million are estimated, up 42% from 2022. At the same time, the dairy producer expects net profit to increase to EUR 2.7 million in 2024.
Lactag owns a milk factory in Costești – Argeș county and counts about 100 employees and its range of products includes milk, butter, cheese, sana, kefir, buttermilk, light yogurt, natural yogurt, cream, cow’s milk cheese.
The dairy market reached a value of €1.5 billion in 2020, an increase of 15% compared to 2019 mainly due to increased consumption and domestic production.