Akola Plans €52 Million Investment

Lithuania’s Akola Group plans to invest €52 million in its businesses during the 2026/27 financial year, with most of the spending directed towards food production and processing.

The largest allocation, €38 million, will go towards food production. Projects include a new chicken processing line, modernisation of existing poultry facilities and expansion of the Vilniaus Paukštynas hatchery. The budget also includes €6 million for storage and milling infrastructure at Kauno grūdai.

Another €9 million is earmarked for services to farmers, including €4.5 million to acquire a grain elevator. The group also plans to expand seed and fertiliser storage facilities in Latvia.

The remaining €5 million will finance agricultural operations, including robotic milking systems, farm machinery and livestock infrastructure.

Akola has invested €212 million over the past five financial years. The new programme places particular emphasis on food processing, which the company sees as a way to increase profitability and reduce its exposure to fluctuations in commodity markets.

The investment programme covers the financial year that began on 1 July 2026. Actual spending and project schedules may change during implementation.