Lactalis pours €160 million investment into strategic Italy by 2024
Source: The DairyNews
French dairy giant Lactalis is committing a total of €160 million ($172 million) in investments in its Italian operations over the next two years, underscoring Italy's status as a "strategic country" for the company.
Of the investment package, approximately 88% is earmarked for the improvement, maintenance, and modernization of Lactalis's 31 facilities in Italy, where it sells popular brands like Galbani, Parmalat, Ambrosi, and Leerdammer.
The company has been steadfast in its commitment to the Italian market, having invested over €248 million in the country over the past five years. The recent allocation includes funds for research and development, logistics, supply chain activities, and upgrades to factories. Additionally, Lactalis invested €26 million in a new headquarters in Milan, emphasizing its long-term focus on Italy as a key market.
In 2023, Lactalis has invested €64m in Italy and will invest an additional €70m in 2024, intended for R&D, logistics and supply chain activities, as well as “maintenance and modernisation of the factories”.
The company has been steadfast in its commitment to the Italian market, having invested over €248 million in the country over the past five years. The recent allocation includes funds for research and development, logistics, supply chain activities, and upgrades to factories. Additionally, Lactalis invested €26 million in a new headquarters in Milan, emphasizing its long-term focus on Italy as a key market.
In 2023, Lactalis has invested €64m in Italy and will invest an additional €70m in 2024, intended for R&D, logistics and supply chain activities, as well as “maintenance and modernisation of the factories”.
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