When fully operational, the company said it anticipates the new manufacturing facility initially will contribute an additional 40,000 tons of yogurt production capacity annually and create 250 full-time jobs.
FAGE said it expects to invest approximately €150m ($169m) to construct the new manufacturing facility, and has signed an option contract for a 15-hectare plot with the municipality of Hoogeveen.
The company said it expects the new manufacturing facility will be operational in the second half of 2024.