RIGA, LATVIA — Dobeles Dzirnavnieks, Latvia’s largest grain processor, announced it has launched a large-scale development project in which it will invest 30 million euros, according to the Baltic Times.
During the next two years the company said it will invest more than 18 million euros in organic grain processing and processing infrastructure, according to the Times. The project is expected to be completed by 2020.
The company’s chairman of the board, Kristaps Amsils, told the Times that the company plans to increase its share of organic grain grown in Latvia from 3% to 10% by 2026 as the new infrastructure will promote production of organic grain in Latvia.
He added that the company plans to increase its organic grain processing capacity to more than 40,000 tonnes, which is six times more than the current capacity.
The company also plans to invest more than 11 million euros in a new pasta production line, according to the Times, with more than 90% of the products targeted for export.
Dobeles Dzirnavnieks’ main business operations include storage and processing of grain and grain products, production of all types of flour and flour mixtures, production of semolina, pearl barley, food grade bran, processing of buckwheat, and packaging of food products.