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Agricola Bacau to invest €20 mln to expand production

Publicat la 23.10.2008, 21:00:00

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Agricola Bacau to invest €20 mln to expand production

By 2010, Agricola Bacau plans to increase its market share by some 50 percent, following investments and possible acquisitions. “Agricola Bacau has a 10 percent market share for poultry, and we hope this will increase to 15 percent by 2010,” Antochi told Business Standard.

The group also estimates a 15 percent increase in turnover next year, as two poultry farms will begin production, and due to improved processing capacity and the launching of new products. “For 2008, Agricola International Bacau [the main company in the group] foresees €75 million in business and €1 million in profits. For the Agricola Bacau group, the 2008 estimated turnover is €112 million,” Antochi said.

The company’s main competitors are Transavia Alba-Iulia, Agrisol International and Avicola Crevedia.

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