Greek Dairy Company Thrives in Global Markets
GREECE - KriKri SA, a Greek dairy company, is rapidly expanding its business abroad, offering the necessary push during the current financial year.
2 November 2017
1 minute read
The head of KriKri Panagiotis Tsinavos, during a news conference, stated that the management was open to strategic partnerships and cooperation to help the company grow.
He noted, however, that the economic environment in Greece remains difficult, but also mentioned that KriKri was able to become stronger in the dairy market both in Greece and abroad.
Mr Tsinanos said that the company has moved forward significantly, proving that Greek companies can succeed even during economic crises and still show significant grow.
Furthermore, he stressed that even though the Greek currency has shrunken by 27 per cent in the last eight years, KriKri grown by over 70 per cent and is able to find great growth opportunities in the global market.
He underlined that by the end of 2018, KriKri will have implemented investment plans worth €18 million, amounting to a grand total of €40 million in the last four years, thereby establishing the most technologically advanced yogurt factory in Europe.
Currently, 30 per cent of sales is covered by exports, out of which 70 per cent comes from yogurt.
The company exports in 24 countries around the world and is the second largest player in the domestic yogurt market.
Its production totals 70 million rations of ice cream and 500 million rations of yogurt annually.
TheCattleSite News Desk
