GERMANY’S TÖNNIES TO EXPAND PIG PRODUCTION WITH SERBIA INVESTMENT
February 1st, 2016
Germany's leading meat processor Tönnies Lebensmittel GmbH has agreed to take over up to 10 state-owned pig breeding businesses in Serbia, giving an additional supply capacity of up to 700,000 animals. The goal is to breed and process up to 4 million pigs by 2026. This deal was initiated by Serbia's Prime Minister Aleksandar Vučić who met with Tönnies' owner Clemens Tönnies, in Belgrade last Tuesday. Contracts will be finalised in June. The investment is estimated to be worth EUR300 million.
Serbia's agriculture sector is slumping, with pork ...
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