14 May 2007 - French food cooperative Terrena has announced plans to invest 95 million euro in its plants this year. Of this amount, 53 million euro will be invested in its food processing units, report the French business papers.
According to the reports, Terrena will use the funds to build a new mill in Maine-et-Loire department and a cheese production unit in Val-d-Ancenis. The cheese factory, to be called ‘La laiterie du Val d'Ancenis’ is expected to be completed in 2008.
In 2006, Terrena invested 74 million euro in modernising its plant and equipment, and 219 million euro over the last three years.
According to the company website, Terrena’s 2006 turnover amounted to 3 billion euro. The cooperative, which employs 12,600 people, is active in the meat, bakery and dairy sectors.