Smithfield Ferme posts operating profit in H1H1

For the end of 2009, the company maintains previous estimates regarding a 20 percent increase in turnover compared to the €120 million posted in 2008.

The company already finalized 99 percent of its investment plans for 2009. In the following years, it plans to develop partnerships with local independent farmer to build and operate some 100-150 farms.

Only 30 percent of the pork consumed in Romania is produced locally, while 70 percent is imported, according to the General Manager of Smithfield Ferme, Bogdan Mihail.