Contrary to what happened in the previous 5 years, now FAGE’s plans to acquire a production unit in Western Europe are moving at a high speed.
The family dairy industry has already received the “green light” from the Hoogeveen city council to set up the factory on Dutch soil.
The € 150 million investment will be the first of its kind at the Riegmeer-Noord Industrial Park in Hoogeveen and is expected to be operational in 2024.
It is recalled that six years ago FAGE had solemnly announced that it was going to build a production unit in Luxembourg, but this plan never materialized.
The choice of Hoogeveen
In collaboration with the Dutch Foreign Investment Agency (NFIA), FAGE looked at several possible locations in the Netherlands to conclude that Hoogeveen is the place that suits it best. FAGE ‘s initial plans are to supply the European market with 40,000 tons of yogurt per year from the Netherlands. The project will create about 250 jobs, says FAGE.
Various studies are currently being prepared and a number of permits are required in order to create the appropriate infrastructure, which will be able to withstand such a large installation. However, the dairy industry has already signed an option contract for a 15-hectare plot with the municipality of Hoogeveen.
Smart and sustainable technology
FAGE aims to use the same smart and sustainable technologies as those in its production facilities in the USA. “This focus on innovation and sustainability fits in well with the Dutch agri-food sector, which is committed to building the world’s most innovative, sustainable and rewarding dairy chain,” said a report on the Invest in Holland website.
Close cross-party cooperation
Starting such a large project is a big business that involves numerous parts and extensive preparation. Hoogeveen Alderman Jan Zwiers explained: “Step by step, in close cross-party cooperation, a model has been developed for all aspects of the investment, including infrastructure, sewage, water supply, gas, electricity, etc.” .
The Dutch “triple helix” approach
The typical Dutch “triple helix” approach of cooperation between companies, research institutes and government is the key to the development of the agri-food and dairy industry, it is emphasized. Collaboration, innovation, talent and entrepreneurship laid the foundations for a strong dairy cluster with representatives from Arla, Aware, Danone, Fonterra, FrieslandCampina, Hochwald, Nestle and Yili. In collaboration with research institutes, such as the University of Wageningen Dairy Campus, these companies further improve their products and production processes.
Turnover over half a billion.
In 2020, FAGE reported sales of $ 521.3 million (approximately € 442 million based on the exchange rate at the reporting period) operating profit of $ 70.8 million (€ 60.1 million) and net profit at $ 43.4 million (€ 36.7 million).
It is noted that Fage currently has two yogurt production units in Metamorfosi, Attica and in Johnstown, USA, as well as a cheese unit in Trikala.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
