Frigotehnica has regional development plans to raise its business to €50 mln

The company posted turnover worth €43.5 mln in 2007, 11 percent higher year-on-year, and net profit worth €2 mln, 50 percent less than in 2006. Bara denied rumors on a possible sale of the company, but confirmed a foreign investor is interested in Frigotehnica.

“We plan to associate with a foreign investor in a major project, and are negotiating the establishment of a company, but I cannot provide more details at this time,” added Bara.

Frigotehnica will start to export to Germany this year, and Bara indicated that the company has already received orders worth €100,000.