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Vilvi Group invests €50m to expand cheese production capacity in Latvia

Vilvi Group has invested approximately €50 million to expand cheese production capacity in Bauska, Latvia. Vilvi Group is a dairy processing group in the Baltic States, with an export share of around 90%. Its main export markets are European Union countries, with additional exports to Asia and other continents. The project is funded through a combination of internal resources and loans from Citadele Bank. Additionally, the Latvian government, via the Latvian State Development Finance Institution, will contribute €8.5 million to support the project. The project aims for completion by 2027, with plans to create new job opportunities. Last year, Vilkyškių Pieninė, the parent company of Vilvi Group, acquired the remaining 30% of the shares of Baltic Dairy Board.

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