Spanish ILAS invests in Polish CSM dairy producer

APA - Austria Presse Agentur
04-07-2006, 10:00

Warsaw (Puls Biznesu) – CSM, the dairy producer from Ciechanow, central Poland, has got a new foreign investor from Spain. Polish rivals from Mazowsze region are worried.

Warsaw (Puls Biznesu) – CSM, the dairy producer from Ciechanow, central Poland, has got a new foreign investor from Spain. Polish rivals from Mazowsze region are worried.

The Polish dairy market is worth PLN 20 billion (EUR 4.9 billion). There are French, German and Scandinavian foreign players present. According to “Puls Biznesu” unofficial sources, Ciechanowska Spoldzielnia Mleczarska (CSM) has just got a new foreign investor from Spain – Industria Lacteas Asturianas (ILAS). Details remain secret.

“If the Ciechanow company decided to look for an investor, they probably lacked funds to develop”, a CEO from a rival dairy company present in Mazowsze region commented.

He is afraid that the big Western European producer will dump milk prices in the region.

“If the Spaniards offer a high price for the milk, they may acquire many deliverers from the other plants from this region”, the CEO added.

CSM sells the majority of its output to the big Warsaw market, being one of the best targets in Poland. Thanks to the investor, CSM may become a national player. Waldemar Bros, the deputy CEO of the National Association of Dairy Producers, is not worried.

“The leading position of the Polish dairy producers who have jointly about 75 percent of the market is not endangered”, Waldemar Bros estimated.

According to his estimates, CSM buys and produces about 20-30m liters of milk annually and has annual sales of PLN 40m. It is just a fraction of the numbers generated by Poland’s biggest dairy producers including Mlekpol, Mlekovita or Danone.

(PLN 1 = EUR 0.247)

 

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Podpis: APA - Austria Presse Agentur

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