Agro-Invest budgets 9.6m-euro turnover

Bistrita-based Agro-Invest Prod, a producer and supplier of charcuterie, will complete an investment worth 5.5 million euros in the construction of a cattle slaughterhouse in Sieu-Magherus, Bistrita-Nasaud county, this year. The company estimates it will post a 9.6 million-euro turnover this year, which means a 20% increase against 2006, when it saw sales worth some 8 million euros. “The implementation of the project started in December 2006 with the help of Sapard funding, and we hope that by the end of this year we will be able to begin processing in the new slaughterhouse, which we think will comply with the standards imposed by the EU. The growth of our financial indicators is dependent on the performance of the two new charcuterie stores to be opened in Bistrita this year, and on the effects of the elimination of customs duties. As of this year, we will import a significant percentage of our raw material at a lower cost, which will help the growth of our market,” the company’s manager, Ioan Moldovan, told ZF Transilvania.