Milko CJSC

Project Details

PROJECT SIZE
USD 300,000
INDUSTRY
Dairy Production
JOBS CREATED
3
PROJECT TYPE
Project Consultancy

Description

While the scope of cheese varieties produced in Armenia is gradually broadening, there is still much room to bring novelty to the cheese processing industry serving both local and export markets. In addition, local demand for Middle Eastern dairy products is increasing due to large influx of repatriates and rising tourism flows. Riviera Capital CJSC acted as a consultant to the acquirer of Milko CJSC, a small but fast-growing cheese producer located in the outskirts of Yerevan, producing several types of ethnic dairy products such as halloumi, akkawi, labneh and other products made from 100% natural milk. The foreign direct investment of USD 300,000, combined with Riviera Capital's oversight, will allow the business to expand its equipment base to meet growing demand, upgrade the business’ operational, financial and marketing management approach, serve larger, more demanding local customers and start expanding to foreign markets.