Native name Имлек Traded as BELEX: IMLKPB Headquarters Belgrade Revenue 346 million EUR (2013) Net income 34.6 million EUR (2013) | Type Joint-stock company Key people Ilija Šetka (CEO) Founded 1953 Number of employees 1,010 Parent organization Danube Foods Group B.V. | |
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Industry Branded food, Food and drink, Dairy produce Area served Serbia
Bosnia and Herzegovina
Croatia
Montenegro
Republic of Macedonia Subsidiaries Bambi a.d., Niska Mlekara a.d. Nis Profiles | ||
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. In 2004 the Salford Investment Fund became the largest shareholder of Imlek. 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/.
Contents
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
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 it's Mlekara Subotica diary became the first Serbian manufacturer of fresh milk products to obtain permission to export to the European Union in 2010.
Market data
As of 29 May 2015, Imlek has a market capitalization of 447,000 euros.