Alpcot Agro executes investment plan for milk production business

As a part of Alpcot Agro’s long term strategy to further develop its dairy farming business, the company has recently concluded an agreement for the purchase of 800 pregnant heifers, of high yielding Holsteiner breed from breeders in Western Europe. The purchase is a part of a SEK 35 million investment in the livestock business currently being rolled out.

Good genetics in the livestock herd is an important part in the company’s strategy for the dairy farms. Another important dimension is management and personnel resources on the dairy farms and the company has recently employed a number of  highly qualified specialists for its Kolybelskoe farm in Lipetsk.

Alpcot Agro’s livestock business

Alpcot Agro operates four large dairy farms in Russia and had by the end of June a total of about 6000 heads of cattle of which 2800 are dairy cows. In 2010, sales of milk, meat and dairy products generated revenues corresponding to about 16 per cent of Alpcot Agro’s consolidated revenues. The current level of milk production is around 37,000 kg per day and the target is to reach a production level of 100,000 kg milk per day within the next four years.

Stockholm, 5 July 2011

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About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's business idea is to generate an attractive return on invested capital by optimally utilizing the Company’s agricultural land bank through crop production, dairy farming and other similar operations in Russia and the other CIS states. The shares in Alpcot Agro are listed on First North under the ticker ALPA and the Company’s Certified Adviser is Remium. Additional information is available on www.alpcotagro.com.