A major player in the Greek dairy production industry, and which is also active in Romania, has expanded to Cyprus and is officially entering the economically vital halloumi production industry, the country’s second-largest export.
Olympos, a member of the Trikala-based Hellenic Dairies group, has since last June also been active on the island through Olympos Foods Cyprus and the production of Halloumi and other dairy products in the group’s new state-of-the-art factory, located in the industrial area of Tseri, Nicosia.
An investment of more than €40 million, the unit is being inaugurated on the afternoon of 10 October in the presence of the Minister of Agriculture, Rural Development and Environment Maria Panayiotou and the Minister of Energy, Commerce and Industry George Papanastasiou, who will address the opening on behalf of the President of the Republic.
Greece’s Minister of Digital Governance Dimitris Papastergiou, and Deputy Minister of Rural Development Christos Kellas as well as Konstantinos Skrekas a Member of Parliament representing the New Democracy party in the district of Trikala, will also address the event.
The new unit, which as mentioned above is located in the industrial zone of Tseri and has been operating since June, processes milk for the production of Halloumi with a maximum processing capacity of 180.00 tons of milk per day.
It is noted that the design of the factory was undertaken and implemented by Zenonos Architects, while the construction work was undertaken and carried out by Psaras Construction.
Local production
The milk comes from local producers in Cyprus with whom the company has signed cooperation and development contracts, while the produced products will be sold partly in the Cypriot market and for the most part in foreign markets (EU, USA etc.).
This development follows Olympos’ acquisition of 49% of the share capital of the historical Kouroushis Dairies, which retains management rights and a provision for the acquisition of the remaining shares in a second year, as well as the successful commercial activity of Hellenic Dairies in the Cyprus market.
