Milkaut to Invest in Argentina Amidst Industry Crisis
Sourse: dairynews.today
Dairy firm Milkaut invests significantly in Argentina as many industries halt operations due to economic challenges.
The dairy company Milkaut, part of the French group Savencia, has announced a major investment in its plants in the province of Santa Fe, Argentina, marking a growth indication contrary to the challenging economic scenario faced by the paper industry, exemplified by the crisis at Celulosa Argentina.
The Savencia Group, through its subsidiary Milkaut, is showing a strong commitment to the Argentine dairy sector by allocating US$ 30 million towards the modernization and expansion of its plants in San Justo, Franck, and Progreso, all located in the province of Santa Fe. The primary goal of this investment is to upgrade plant technology to enhance production, particularly in the cheese and butter lines, aiming for a 50% increase in capacity.
While Milkaut focuses on growth and technological advancement, Celulosa is grappling with a severe economic situation that has led to layoffs and a deep restructuring process, highlighting the varying realities within Argentina's industrial landscape.
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