Virovitica Dairy, Virovitica

PROJECT DESCRIPTION

The project intends to bring together important milk producers in the County through construction of adequate facilities for milk processing. The planned production line should enable the raw milk producers to process the surplus of milk into high added value products. The daily amount of milk purchase and production of this small industrial plant is 10,000 litres, with the following production structure: 2,500 litres for soft cheese, 5,000 litres for semi-hard cheese, 2,500 litres for cottage cheese and 500 litres for cream with 12% - 20% of fat.

The future facility is planned to be developed on the land owned by Virovitica- County, on total gross developed area of 1,458.90 m2 and will be located in Business zone III in Virovitica, where all necessary infrastructure is already in place (gas, electricity, water, sewage). Technological and technical solution of the facility has features of a small industrial plant and is designed as a low-energy-efficient building.

POTENTIAL TRANSACTION STRUCTURE Virovitica-Podravina County is the owner of the land planned for the construction of the dairy. There are two possible transaction models: • joint venture with the County where the land will be transferred to the new company, or • right to build on the land for 99 years if the investor wants to develop the project independently ESTIMATED VALUE

Total project value is estimated at 3.5 million EUR.

CURRENT PROJECT STATUS

The project is in a high stage of readiness as all major planning permits and additional documentation necessary for the fulfillment of the project have been obtained, along with location permit and the main project.

Agency for Investments and Competitiveness, Radnička cesta 80, 10 000 , DISCLAIMER: Information Information contained contained in this document in this document has been provided has been by Agencyprovided for Investmentsby Agency and for CompetitivenessInvestments and of the Competitiveness Republic of Croatia. of Purpose the Republic of this document of Croatia. is to Purpose give short of information this document about companies is to give and short /or information about companies andposibilities /or posibilities to potential to investors.potential The investors. profileis for The information profile is purposes for information only. No responsibility purposes only.or liability No responsibilityis accepted for the or informationliability is inaccepted this document. for the information in this document. Project holder: Virovitica-Podravina County Address: 33 000 Virovitica, Trg Ljudevita Patačića 1

VIROVITICA-PODRAVINA COUNTY

Population (2011): 84,586 highest quality are grown on fertile and Podravina GDP per capita (2011): 6,333 EUR fields, the slopes of Bilogora and Papuk are covered with Unemployment rate (2013): 36.2% vineyards. Average gross monthly salary: 851 EUR The forest richness has given impetus to the development of Virovitica-Podravina County is located in northeastern wood processing industry with worldwide reputation. Pure Croatia and covers the area of Slavonia and Podravina. It is nature is an ideal setting for beekeeping, and beekeepers bordered by Bilogora, Papuk and Krndija from the South, are known as the best in Croatia due to quality and quantity whose slopes gradually merge with the Pannonian Plain. of their honey. The milk production is an important activity The County’s northern border is the River which also too although in recent years it has slightly decreased from makes a natural border with in the largest part of its 23.2 million litres in 2007 to 21.3 million delivered litres in hundred kilometre long course. 2012. Still the County covers 3.2% of total milk production in The city of Virovitica is an administrative, economic, cultural Croatia (2012). and educational centre, in which tourism is developed through a variety of traditional and contemporary forms The location of Virovitica-Podravina County at the with numerous cultural, historical, theatrical and sporting intersection of important traffic routes has also led to the events, exhibitions and concerts. development of trade as well. Renowned international fairs Fruit growing, horticulture and cattle breeding has a long – ‘Viroexpo’ and ‘Agroexpo’ in Virovitica and ‘Agroarca’ in tradition due to the wealth of natural resources. While corn Slatina have grown from small local events to ones of the and wheat, medicinal herbs, tobacco and sugar beet of the largest fairs of this type in Croatia.

CONTACTS Virovitica-Podravina County, Mr Tomislav Tolušić, County Prefect, e-mail: [email protected]; Virovitica-Podravina County’s Regional Development Agency, Ms Natalija Havidić, e-mail: [email protected] Agency for Investments and Competitiveness (AIK), www.aik-invest.hr, e-mail: [email protected] Mr Damir Novinić, Managing Director, e-mail: [email protected]

Agency for Investments and Competitiveness, Radnička cesta 80, 10 000 Zagreb, Croatia DISCLAIMER:DISCLAIMER: Information Information contained contained in this document in this document has been provided has been by Agency provided for Investments by Agency and for Competitiveness Investments ofand the Competitiveness Republic of Croatia. ofPurpose the Republic of this document of Croatia. is to givePurpose short informationof this document about companies is to give and short /or information about companies and posibilities /or posibilities to potential to investors. potential The investors. profileis for The information profile ispurposes for information only. No responsibility purposes oronly. liability No is responsibility accepted for the orinformation liability is in acceptedthis document. for the information in this document.