Published: 2019-02-22 07:33:07 CET
Baltic Dairy Board
Other information disclosed according to the rules of the Exchange

In December 2018 Baltic Dairy Board LTD started production of organic products in test mode

 

     In December 2018 the company was certified for the production of organic products and immediately started production in test mode. End users of these organic products are organic baby food producers. In addition the company is in the final stages of approval procedures and long-term contracts will soon be signed with two global companies for the production and supply of GOS (galacto-oligosaccharide) products for the baby food sector. Regular GOS deliveries are scheduled to start in April 2019.

In view of the above the company has gradually started to pay creditors from December 2018. Mostly payments were made to employees, energy resources, certification bodies and other payments that are vital to start production.

         Kaspars Kazaks
         Chairman of the Board
         Phone:+ 371 26010072
         e-mail: kaspars@bdb.lv