Akola invests in poultry production

Baltic agrifood institution Akola Group is allocating €13m ($15.2m) to upgrade its poultry operations successful Lithuania and Latvia.

Akola’s poultry concern comprises Vilniaus Paukštynas and Kaišiadorių Paukštynas successful Lithuania and Kekava Foods successful Latvia.

The Lithuania-headquartered radical is investing €43m ($50.4m) crossed the wider concern successful the 2025-2026 fiscal year.

In a statement, Akola said the concern volition absorption connected “production modernisation, enlargement of incubation capacity, strengthening biosecurity, and biology and vigor ratio solutions”.

During the 2024–2025 fiscal year, Vilnius, Lithuania-based Akola’s poultry operations successful Lithuania and Latvia generated €325m successful sales, producing a gross nett of €69m.

Akola said its poultry accumulation volumes were "stable" successful the archetypal 4th of the 2025–26 fiscal year, which ended connected 30 September.

Mažvydas Šileika, lawman CEO for concern and investments astatine Akola Group, added: “The results of the poultry conception and increasing request proceed to enactment the maturation of our business.”

Šileika added: “In addition, with the expanding frequence of avian illness outbreaks successful Europe successful caller years, strengthening biosecurity is becoming a indispensable preventive measurement to assistance support accumulation processes and guarantee the uninterrupted functioning of the proviso chain."

Akola volition instrumentality the “largest projects” astatine Vilniaus Paukštynas, wherever enactment connected upgrading accumulation processes has already begun, the radical said.

The site's caller nutrient works volition beryllium fitted with "AI-based" carcass mentation exertion to bolster prime of production. Investment astatine the Lithuania determination volition besides beryllium utilized to renovate an incubation installation to "ensure much accordant hatching process" and let for "production of up to 45 cardinal day-old chicks".

According to Šileika, €9m is being invested successful Lithuania alone, going towards "modernisation, capableness enlargement and biology extortion projects".

The poultry concern sits wrong Akola’s nutrient accumulation division. This conception besides includes the manufacturing of flour and breadstuff mixes, and ready-to-eat products.

For the archetypal 4th of the 2025/2026 fiscal twelvemonth play ended 30 September, Akola's consolidated gross amounted to €393.9m, a year-on-year summation of 2.6%.

Total income volumes roseate 7.4% to 791,415 tons. Operating nett surged 43%, to €26.8m, portion nett net slumped 53.4% to €19.5m.

The group's nutrient accumulation conception generated €123m successful gross successful the quarter, 15% much than the aforesaid play successful 2024.