Turkish dairy maker buys base in Romania
ISTANBUL - Hürriyet Daily News
One of the dairy products manufacturing facilities of Sütaş in Turkey. The milk and milk products producer has acquired a factory in Romania. Company photoTurkey’s largest diary producer, Sütaş, has taken its second step in the Balkans by acquiring a factory in Romania as it looks to enter European markets using the region as a base.
Sütaş, which recently bought a dairy production facility in the Macedonian city of Skopje, announced that it has taken over a factory in Bucharest that had belonged to an Israeli dairy producer.
“We’re delighted to make our second investment in the Balkans with Romania. As our Romania facility becomes operational, we aim to access European Union markets,” Muharrem Yılmaz, the chairman of the board of Sütaş, said in a statement.
The facility in Romania has a daily capacity of 500 tons, and the Turkish company hopes to cooperate with related institutions in Romania to improve the conditions of milk production there. Sütaş aims to provide employment for 300 people directly in one year and raise this amount to 500 after its investments are completed. “Considering the indirect employment that the sector creates in the agriculture, logistics and services, Sütaş’s investment will have a substantial impact on production, employment and income distribution in the region,” Yılmaz said.