MEVGAL welcomed at its premises the Minister of Rural Development and Food in Greece, Mr Vangelis Apostolou. The visit was held on Thursday, September 7, 2017, within the meetings of the Minister with operators and businesses in the agri-culture sector in Northern Greece.
Mr. Apostolou spoke with the Board of MEVGAL, as well as with employees and producers working with the company, with the discussion focusing on two main axes: the dairy industry in Greece and the prospects of Greek livestock farming. The Minister informed about the Ministry's initiatives and stated that the country of milk production would be readily applied as mandatory labeling on the packaging. At the same time, he assured that the Ministry will step up efforts to ensure that strained yoghurt is guaranteed as a Greek product and recognized in foreign markets. For these issues he asked the company to make proposals.
MEVGAL is in line with initiatives concerning the development of the dairy industry and the support of livestock farming as it is a Greek company that imports and processes Greek milk from around 1000 farms in the area and its implementation will support Greek breeders.
MEVGAL President Christodoulos Antoniadis briefed the Minister on the key role played by the company both in developments in the dairy industry as well as in the wider economy and in employment, and considers the positive course of MEVGAL in the future. He was absolutely satisfied that shareholders' cooperation, share capital increase and loan restructuring are the guarantor of the company's progress. He also mentioned: "My presence as chairman of the Board of Directors of MEVGAL is linked to the strategic importance that Piraeus Bank attaches to the primary sector of the Greek economy, for which it remains the main financier". At another point, he underlined the Bank's initiatives related to the country's rural economy, concluding that "Our results are justified on a daily basis and the progress of MEVGAL will become another link in the positive example chain."
Mrs. Mary Hatzakou, Vice President and CEO of MEVGAL, made a presentation of the company from yesterday to today. She analized the strengths of MEVGAL, the quality, the 67-year experience in milk, the ability to adopt to the needs of the consumer and to design products that are perfectly tailored to that and the rich range of products. She stressed the long and close relations that the company has with the milk producers and stated that the founder of the company, Konstantinos Hatzakos, was awarded for his contribution to the Greek livestock industry. Ms. Hatzakou mentioned that this all contributed to turning the company from loss-making to profitable. It then referred to the major export activity of the company, which accounts for 35% of total turnover and extends to 36 countries today and briefly presented the investment program € 5 million, which materializes in the period 2017-2018 and concerns the yogurt production sector. As she said, growth is expected through the investment and new products that the company is planning. Finally, she did not fail to mention the fact that more than 600 people are currently employed in MEVGAL as direct wage-earners from the company and about 3000 indirectly.
Mr. Apostolou, who had visited MEVGAL in the past, expressed his satisfaction concerning the positive course of the company as well as the improved working environment. He stated that MEVGAL is expected to play a decisive role in the above initiatives of the Ministry and to contribute to their realization.
The minister and his associates expressed their most positive impressions on the company's production facilities and on the company's products - especially Kefir and Gourmet - that they had the chance to try.