Cris-Tim foresees 20 percent business growth in 2009

“This year, we already exceeded the 2007 turnover by 20 percent. I estimated that the company’s turnover on the cold meats production segment would increase by 25 percent, to €90 million, compared to last year,” he told Mediafax news agency.

Timis added that, to secure the same sales volume in 2009, the company will increase production of low-cost products. Latest surveys show that the financial crisis will lead consumers to focus on cheaper food products.

Furthermore, Cris-Tim is interested in acquiring other producers subject to financial difficulties due to the crisis, that will affect Romania severely in 2009. “We already contacted our investment bank for such acquisitions. We have no financing problems,” Timis said. Cris-Tim group also includes farms, catering, and real estate operations.

The local meat market is worth some €1 billion, with Cris-Tim, Aldis, Tabco-Campofrio, Caroli, Angst, Elit, and Kosarom as main players.