Imlek a.d.

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Imlek
Native name
Имлек
Joint-stock company
Traded as BELEX: IMLKPB
Industry Branded food, Food and drink, Dairy produce
Founded Belgrade, Serbia (March 12, 1991 (1991-03-12))
First founded in 1953
Headquarters Belgrade, Serbia
Area served
Serbia
Bosnia and Herzegovina
Croatia
Montenegro
Republic of Macedonia
Key people
Ilija Šetka (CEO)
Products butter, cheese, milk, yogurts
Revenue Increase 346.00 million (2013)[1]
Increase €34.60 million (2013)[1]
Total assets Increase €329.44 million (2013)[1]
Total equity Increase €121.52 million (2013)[1]
Owner Mid Europa Partners
Number of employees
1,010[1]
Website www.imlek.rs/en

Imlek a.d. (full legal name: Akcionarsko društvo Industrija mleka i mlečnih proizvoda Imlek Padinska Skela) is a Serbian food company based in Belgrade. It is specialized in processing milk and produces dairy products. The company was founded in 1953 and owns three factories in Serbia, one in Bosnia and Herzegovina, and one in the Republic of Macedonia.[2] In 2004 the Salford Investment Fund became the largest shareholder of Imlek.[3] Imlek operated as a subsidiary of Danube Foods Group B.V. till 2015. In April 2015, Mid Europa acquired Danube Foods Group BV and Clates Holding BV (together, "Danube Foods Group") - http://www.mideuropa.com/ from Salford Investment Fund. Salford Investment Fund at the time was beneficially owned by Inna Gudavadze and other members of the family of Badri Patarkatsishvili.

Besides fresh and UHT milk, its most popular products are various yogurts which can be found in supermarkets and bakeries throughout Serbia and several other Balkan countries.

History[edit]

In 1953, a dairy plant was built at the farm „Lepušnica“ in Glogonjski Rit (rit means "swampy area") between Belgrade and Pančevo. That was the practical establishment of dairy industry Imlek. Around 800 cows gave daily between three and five thousand liters of milk which was sent to the Belgrade market. In 1957, UNICEF granted a line for pasteurizing and bottling 30.000 liters of milk per day. In 1963, the production already exceeded 21 million liters a year. The company was the largest dairy industry in SFR Yugoslavia.

Imlek's, with its Mlekara Subotica diary became the first Serbian manufacturer of fresh milk products to obtain permission to export to the European Union in 2010.[4]

Market data[edit]

As of 29 May 2015, Imlek has a market capitalization of 447,000 euros.[5]

References[edit]

  1. ^ a b c d e Подаци о обвезнику. Agencija za privredne registre Srbije (in Serbian). Retrieved 25 July 2014. 
  2. ^ "Imlek regional dairy". Imlek. 2013. Retrieved 2013-11-25. 
  3. ^ "History of Imlek". Imlek. 2013. Retrieved 2013-11-25. 
  4. ^ "Evropa prepoznaje kvalitet!" (in Serbian). Mlekara Subotica. 17 December 2010. Retrieved 23 July 2015. ¸
  5. ^ "IMLKPB - Imlek a.d. , Beograd - 29.05.2015.". belex.rs. Retrieved 30 May 2015. 

External links[edit]