Latvian dairy company Baltic Dairy Board in mid-February has sent its first shipment of first milk protein concentrate to the US, the company said in a statement to the Nasdaq Riga stock exchange.

The company’s representatives reported that on February 17 the company sent first milk protein concentrate MPC85 export delivery to the US for a total amount of EUR 114 000.

So far the company has been exporting to following countries: Poland, the Netherlands, Germany, Lithuania, Estonia, Austria, Romania, Greece, Ukraine, Egypt, Morocco, France and Hungary.

In 2016 Baltic Dairy Board posted EUR 18.5 mln in turnover. This year the company plans to boost its turnover by at least 50%.

At present, Baltic Dairy Board makes milk, whey and lactose products, making powder from milk and whey proteins. The company’s share capital is EUR 777,778, and its largest owner is Kaspars Kazaks (51%). The company’s bonds are listed on the Baltic Bond List of the Nasdaq Riga stock exchange.