- Website: www.balticovo.lv
- Sector: Food & Drink
- Country: Latvia
- Revenue: €40M to €50M
An egg-cellent idea
Whether you’re boiling, chopping or scrambling, JSC Balticovo has the eggs you need. As one of Northern Europe’s largest egg producers, Balticovo exports 70% of its produce from its Latvian plant near the Iecava district to 18 countries around the world.
As well as hen eggs and hen egg products, Balticovo produces quail eggs, rapeseed oil and a range of mayonnaise for food service.
Balticovo’s Commercial Director, Toms Auskaps, says: "With almost 45 years of experience in the egg industry, modern production facilities and an annual egg production of 600 million, we have become not only a leader within the field, but have market-leading expertise."
Our business field is very dynamic and we must react fast to market changes all the time"
Toms Auskaps, Commercial Director, Balticovo
Toms puts Balticovo’s success down to its agility and eagerness to constantly develop and diversify products. "Our business field is very dynamic and we must react fast to market changes all the time," he says. "During the last few years the biggest challenges have been increasing our free range and barn egg trend and the increased competitor activity from our home market, which is the Baltic State countries."
According to Toms, the road map for the next five years involves a continued following of food trends and demands, as well as a consideration for animal welfare and the environment.
We cannot ignore the growing trends in barn and free range eggs across the European markets. Balticovo is ready to adjust the ratio of its bird flock and bring it in line with this farming trend," explains Toms.
600m – The number of eggs produced annually by the company
"Additionally, as we make our positions in the markets stronger each year – by developing new products and improving existing ones – we will keep caring about the environment. So in cooperation with a bio gas station, we will be delivering hens faeces for energy production."
Toms believes the industry will become even more specific in the years to come, with concerns around animal welfare growing even stronger – providing not only challenges but also new opportunities.