Angst sales to rise by 40% over the holidays

Minea is expecting turnover to be at least 20 percent higher this year, based on investments in production and expansion of its store network, up to €65-70 million, compared to €50 mln in 2006.

The domestic production of cold meats amounts to some 200,000 tons, with the market worth some €700 mln. Consumption per capita of cold meats is 9-10 kg, and most important players on the local market are Cris-Tim, Aldis Calarasi, Elit, Campofrio and Angst.

Angst is modernizing its Angst and Salsi factories with financing obtained through SAPARD, and it hopes thereby to increase productivity by some 20 percent.

The group has 23 stores, of which 18 in Bucharest, two in Buftea, one each in Otopeni, Sinaia, and Cluj-Napoca. This fall it plans to open a second store in Cluj-Napoca, and 3 stores in Oradea.