The General Manager of Tabco Campofrio, local subsidiary of the Campofrio Food Group, Ovidiu Wencz, said that if the group decides in favor of a new factory in Buftea, near Bucharest, work should begin as early as May, so that the production unit can become operational by year-end.
The company registered net sales worth some €34 mln in 2008 and lower profit, according to Wencz, compared to €40 mln in net sales in 2007 and earnings before interest, taxes, depreciation, and amortization (EBITDA) of some €4.5 mln.
The value of the Romanian cold meat market exceeds €1 billion and its main players include Cris-Tim, Aldis Calarasi, Campofrio, Caroli Unicarm Satu Mare, and Angst.
