Business investment in “Ogres piens” Ltd. (“Ogres Piens”)
PAP Company “INPO 20” Ltd. has made an investment in “Ogres piens” by purchasing 48.9% of the capital shares of the enterprise.
“Ogres piens” was bought on 20 October 2011. It is a farm in the Ogre Region which, in recent years, has created and developed one of the most modern dairy cow farms in Latvia. Although the enterprise has a rather long history of operation, it has been in recently that the significant modernization of the farm has been performed. In 2012, a new and modern dairy cow farm was built for 320 cows which in 2015 was enlarged by a new cowshed thereby in totality ensuring place for 740 dairy cows. The new farm complex conforms with the highest requirements of animal welfare, which is a critical precondition for reaching high accomplishment ratio.
Since 2012, the average milk yield from a cow has increased 26% and, in 2015, it reached 9.2 tons from a cow. In total, 2,848 tons of milk was realized in 2015. decreased prime cost of both milk production and self-produced feed has been achieved in recent years. Despite the continuing crisis in the industry, the enterprise has been sustaining the started optimization and efficiency processes. In 2015, the turnover of the enterprise reached € 900,332 and it employed on average 20 persons. In total, € 97,378 were paid as taxes into the state budget.