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Bosnia's Lasta completes 20 mln euro revamp of Capljina factory

Author Radomir Ralev
Bosnia's Lasta completes 20 mln euro revamp of Capljina factory Source: Ministry of Agriculture, Water Management and Forestry of the Federation of Bosnia and Herzegovina

SARAJEVO (Bosnia and Herzegovina), May 23 (SeeNews) - Bosnian confectionery maker Lasta has completed a 40 million marka ($22 million/20 million euro) project for the reconstruction of its factory in Capljina municipality, the agriculture ministry of Bosnia's Federation entity said.

"About 40 million marka was invested in the reconstruction and modernisation of production facilities, and that is why today we are all witnessing that these are modern plants that meet all European and world standards, as well as market requirements," the agriculture minister of the Federation, Semsudin Dedic, said in a statement last week.

The company also plans to invest in raising and planting fig and hazelnut plantations, which will supply it with raw materials, the ministry said.

"Now our goal is to export to neighboring markets [...] We have invested about 20 million euro and we will not stop there. We bought a company in Austria, in fact a brand that is 110 years old. They are specialists in the production of gingerbread and in June their chief technologist will come here," Corluka said in a video file posted on the YouTube channel of Bosnian news portal last week.

Prior to its takeover by Bosnian manufacturer of personal and household care products Violeta in 2019, Lasta was majority-owned by Croatian alcoholic drinks and confectionery producer Zvecevo, which went into severe financial troubles back in 2017 linked to the collapse of food-to-retail concern Agrokor.

(1 euro = 1.95583 marka)

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