Fage Confirms It Is Leaving Milk Market

Fage, one of Greece’s leading dairy producers, has confirmed that it will be closing down its milk production unit in northern Greece and abandoning the market for long-life and chocolate milk.

The company said it will continue to focus its efforts on yogurt exports, which account for 82.4 percent of total turnover, while also continuing to produce cheese at its plant in Thessaly, central Greece.

Fage’s 37-million-euro milk production unit in Amyntaio, Florina, was inaugurated in the summer of 2005. Just over a year later, it stopped producing fresh milk and concentrated on long-life and chocolate milk, which in 2015 accounted for just 7 percent and 4.3 percent respectively of the total domestic market.

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