Hadjipieris, a renowned Halloumi producer in Cyprus, has been acquired by Omiros for a 30 million euro investment over a five-year period.
Greek dairy group Omiros has announced its entry into the Cypriot market, following the acquisition of A. Hadjipieris Ltd, a well-established producer of traditional halloumi and sheep's yogurt. This strategic move marks Omiros' third production facility, and it signals a significant investment in Cyprus, with plans to reach €30 million over the next five years [1][2].
**Expansion and Modernization**
The acquisition was made through Omiros' subsidiary, Omiros Dairies Cyprus. The first phase of the expansion involves a €5 million investment aimed at modernizing Hadjipieris' existing facilities, with the goal of increasing annual production to 5,500 tons of PDO (Protected Designation of Origin) Halloumi [1][2].
**New State-of-the-Art Factory**
Omiros also plans to purchase industrial land and construct a state-of-the-art factory within three years. This facility is projected to increase annual production capacity to 12,000 tons of PDO Halloumi [1][2].
**Leadership and Job Creation**
Ioannis Billis, an experienced dairy industry executive with knowledge of both the Greek and Cypriot markets, has been appointed to lead the Cypriot operations. The expansion is expected to create new jobs, further supporting the Cypriot economy and local employment [1][2].
**Preserving Traditional Character**
Omiros is committed to preserving the authentic character of Cypriot PDO Halloumi and respecting local traditions and values. The company aims to become a modern, vertically integrated, and export-oriented dairy products organization, ready to lead internationally in the field of traditional, high-quality products [2][3].
**Summary**
The table below provides a summary of the key elements of Omiros' expansion and investment strategy in Cyprus:
| Phase/Area | Investment | Production Target | Timeline | Additional Notes | |-----------------------------|-------------------|--------------------------|------------------|-----------------------------------| | Initial facility expansion | €5 million | 5,500 tons/year Halloumi | Immediate | Modernization & efficiency gains | | New factory construction | Included in total | 12,000 tons/year Halloumi| Within 3 years | State-of-the-art facility | | Total 5-year investment | €30 million | — | 5 years | Job creation, international focus |
This strategy positions Omiros as a major player in the international halloumi market, leveraging both modern technology and respect for traditional craftsmanship [1][2][3]. The new factory, once constructed, is projected to boost annual production capacity to 12,000 tons, making Omiros a significant contributor to the global halloumi market.
Here are three more sentences that contain the given words:
- Omiros, having entered the Cypriot market, now aims to engage deeply in the local business industry, seeking diverse investment opportunities and fostering financial growth.
- The expansion into Cyprus is part of Omiros' broader strategy, focusing on the growth of its business in the Mediterranean region and beyond.
- As Omiros Dairies Cyprus expands, it is anticipated that more businesses will be established to support the production and distribution of PDO Halloumi, driving economic growth within Cyprus.
