Kekava poultry farm plans to invest EUR 3.7 million in reconstruction of slaughterhouse

RIGA – Kekava poultry farm plans to invest EUR 3.7 million in reconstruction of a slaughterhouse, the company reported.

The company’s spokeswoman Maija Avota said that the project will expand the slaughterhouse and increase its capacity.

According to the information published on the internet website of the Procurement Monitoring Bureau, the project should be implemented by December 31, 2019, attracting financing from the European Agricultural Fund for Rural Development.

As reported, Kekava posted EUR 69.313 million in turnover for the previous financial year, which lasted from July 1, 2016, to June 30, 2017. The company's profit was EUR 2.107 million.

Kekava Poultry Farm was founded in 1991, the company's share capital is EUR 18,928,084. Lithuania's Linas Agro Group holds 87 percent of the company's shares.