Podravka has launched an investment cycle of about HRK 100 million in order to enhance its business processes and modernise its production, this Koprivnica-based food manufacturer said in a statement issued on Monday on the Zagreb Stock Exchange.
The statement underscores that, among planned investments, new sausage factory will be built in the Danica industrial zone in Koprivnica. "Construction of the first solar power plant is planned as part of this project. New production facilities would be using solar power, the first of its kind when it comes to regional economy," reads the statement.
"As Podravka is a socially responsible company working under the principles of sustainable development, Podravka's Vegetable factory in Umag has invested HRK 2.5 million of total HRK 5.5. mill. this year's investment in the reconstruction of the boiler-room, in order to transfer from masut to ecologically acceptable gas. Production processes are also automatised," reads the statement.
"Cocktails factory in Koprivnica is also investing in new technologies. Spring next year production facilities in the Cocktails factory will get new equipment worth about HRK 24 mill. The production lines will improve productivity and enable the factory to make a step forward towards new products by expanding the product range," it added.
Podravka is planning to modernise its beverages factory in Lipik, "where the factory got a new line for Lero syrups production worth about HRK 2 mill., and the entire work will be done by February 2012."
"Podravka's mid-term strategic plan includes further investments which will give the company an additional swing in order to make it more innovative, competitive and a market leader in its selected categories," the statement concludes.
