Toennies: We will not put Serbian farmers out of business

SOURCETanjug
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BELGRADE – German meat producer Toennies, which is looking to come to the Serbian market and invest in the country, does not intend to put local farmers out of business, but to encourage pork production and exports, says company owner Clemens Toennies.

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At a press conference after a meeting with Serbian Prime Minister Aleksandar Vucic, Toennies announced investments totalling up to EUR 300 mln over the next five years.

He said that Toennies has no intention of taking money out of Serbia and that it will reinvest revenues into pig farming in Serbia.

Toennies is not coming to reduce domestic production, but to prepare it for exports – we are exporting to 98 countries worldwide and have an 82 pct share in global exports. We have 16 export bureaus, which will be in a situation to export Serbian meat – that way, we will also boost demand in the country, he said.

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