Food Chain - Issue 196 - October 2023 | Page 121

_________________________________________________________________________________________________________ DN Agrar
DN Agrar was founded in 2008 by Jan Gijsbertus de Boer . Having previously managed farms in the Netherlands and Germany , Jan was well-equipped to put his knowledge into practice in Romania , with a vision to establish a large-scale agriculture operation . It is part of DN Agrar Group SA , the leading milk producer in Romania , which manages a diverse portfolio of businesses across multiple domains . The group comprises 15 companies , including logistics , agricultural services , and vegetal production .
Meeting milk demand
“ Jan Gijsbertus de Boer , the founder , recognized that rural populations were increasing , which was resulting in higher demand for food produce , and specifically , for milk ,” begins Peter de Boer , DN Agrar ’ s Investor Relations Manager and member of the board of directors .
“ With milk consumption increasing yearon-year , he saw an opportunity to invest in a large milk production site . He spent two years traveling across Europe to find investors to support his plans , and finally found success in 2011 when we purchased our first farm .
“ From there , we experienced continuous success , which enabled us to purchase another farm . However , at the time , we had various investors , and many wanted us to integrate all our companies under one unified group .
“ So , I entered the business to consolidate the companies and work towards establishing our position on the Bucharest Stock Exchange ,” he recalls . “ We conducted an initial public offering ( IPO ), which raised five million euros – equivalent to around 25 million lei , our local currency – and eventually got listed on the capital market in February 2022 .
“ We then started the process of integrating the companies , purchasing more farms and eliminating some of our initial investors ,” Peter details . “ I now take
We have full quality control over the welfare of our 12,000 animals . . . we believe that happy cows produce healthy milk
responsibility for everything relating to the Stock Exchange , from the relation with the investors , the communication with the capital market , to strategy and planning , digitalization and the implementation of new systems , essential to our goal of transferring to the main market of the stock exchange and opening to an even bigger pool of investors .”
Today , the business is the owner of the largest integrated livestock farm in Romania and a leader in the production of cow ’ s milk . “ Our production output in 2022 was around 50 million liters of milk . Today our production is around 170,000 liters every day , and in the first semester of 2023 the quantity of milk delivered increased by approx . 16 percent compared to the same period of the previous year , a growing trend that is expected to be maintained ,” he tells us . “ By the end of the year we expect to produce 200,000 liters per day ,” he adds . “ As one of the leading milk producers in Europe , we must ensure the constant flow of milk meets demand , particularly considering Romania ’ s fragmented agricultural sector .”
Sustainable practices
DN Agrar ’ s portfolio boasts four farms : Apold , Lacto Agrar , Cut , and Prodlact , with a new farm , Straja , currently under construction . “ After construction is complete , the site will have over 5000 animals , and produce over 300,000 liters per day ,” reveals Peter . Being built in four phases , Straja will benefit from the business ’ young cattle breeding program ,
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