Polish meat business to invest €26m in new factory
By Jaroslaw Adamowski, GlobalMeatNews
Polish meat business Agro-Rydzyna plans to invest PLN 110 million (€26 million) by 2020 to increase production at its Kłoda meat plant and build another processing facility in Poland
The company’s expansion plans are related to the development strategy of local supermarket chain Dino Polska, which owns Agro-Rydzyna. By the end of 2020, the retailer aims to exceed 1,200 outlets in the Polish market, according to Szymon Piduch, who serves as the president of the management board of both Agro-Rydzyna and Dino Polska.
Under the plan, the expansion of Agro-Rydzyna’s meat processing capacity in Kłoda will allow the plant to supply about 1,000 outlets run by Dino Polska. In addition to this, the company aims to build a second meat processing facility in Poland by the end of 2020, according to data from Dino Polska’s initial public offering (IPO) prospectus.
At the end of 2016, Dino Polska consisted of some 628 retail outlets, located in 12 of the country’s 16 regions. Last year, the retailer added 117 new stores to its chain, up from 101 outlets opened in 2015.
Set up in 1992, Agro-Rydzyna is based in Kłoda, in Poland’s western region. The company says its product range includes processed pork and poultry meat products, such as hams, bacon, sausages and frankfurters, as well as fresh pork and beef meat. Agro-Rydzyna launched production activities at its current plant in 2004.
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