Romanian dairy producer Agroserv Mariuta known for its distinctive bottles of fresh milk, creme fraiche and yogurt has launched its own butter line.
The new production line has a total raw milk processing capacity of 40,500 liters per day. The new brand of butter is aimed at the retail market and the hospitality, the company said in a report filed to the Bucharest Stock Exchange.
The producer which already owns the upmarket Laptaria cu Caimac brand, opened a new butter production line, it said on Monday, SeeNews reported.
The butter market is expected to generate 1.5 billion euros in 2022.
Butter accounts for 28% of the dairy market, a segment which includes milk, yogurt, cheese and fermented milk products.
The company added that the production equipment has also been tested for the production of a range of other creamy dairy products.
In August, Agroserv Mariuta increased its capital after listing on the Bucharest Stock Exchange in May 2021.
According to a financial report published on the Bucharest Stock Exchange, the company recorded a net profit of 1.73 million lei (about 350,000 euro) in 2021, much better than the previous year when it broke even.
Agroserv Mariuta was established in 1994 as a company active in the agricultural sector. In 2018, it set set up a 5 million euro dairy factory and launched the Laptaria cu Caimac brand.
The company is listed on the Bucharest Stock Exchange and has a market capitalization of 85.166 million lei.
