ROMANIA - Romanian meat processor Agricola International Bacau has completed its investment in expanding the salami output capacity of its plant in Bacau, in the country’s east. The project was worth about €5 million, according to senior company representatives.
The latest development is accompanied by the release of the firm’s improved financial results for the first six months of this year. From January to June 2016, Agricola International Bacau reported revenues of some RON 345 million (€77.3m). This represented an increase of 12.7% compared with the same period a year earlier, according to data from the company.
Grigore Horoi, the chief executive of Agricola International Bacau, told local business daily Ziarul Financiar that the latest investment is related to the increased demand for dry salami in the domestic market that has been observed by the meat processor.
The Bacau-based firm makes a wide range of processed poultry, pork and mutton meat products, and operates its own chain of stores in Romania.
In addition to the Romanian market, Agricola International Bacau exports a significant share of its output. Some of the company’s main foreign markets include the UK, France, Germany, Austria, the Netherlands, Italy, Spain, Greece, Denmark, Macedonia, Kosovo and Malta. In 2015, the meat processor exported about 13% of its poultry meat products, 23% of the firm’s pre-prepared meals, 8% of its raw and dry salami products, as well as about 20% of its sausages, according to figures from Agricola International Bacau. The company says its production facilities are BRC, TUV, ISO 22000, GC Mark, IFS and DQS certified.
The meat processor is part of Romania’s Agricola Group which posted revenues of about RON 655.6 million (€147 million) for last year.
Bacau is located about 285 km from the country’s capital Bucharest.