18m-euro business for Pambac in H1

The milling and bakery producer Pambac Bacau closed the first six months of this year with turnover worth 23 million dollars (18.5 million euros) and a profit rate of 5%. Pambac saw a 28% growth in its volume of sales, while in terms of value, company sales grew by 25% against the same period in 2005. “The growth is generated by sales of flour and pasta. The Grania flour brand managed, one year from its launch, to put Pambac on the third place on its specific retail market, with a 12% market share,” stated Alin Giurea, general manager of Pambac. He estimates a 31% growth in turnover for this year. According to these estimates, Pambac’s turnover will exceed 40 million euros. “We are working on a project to diversify our porfolio with different cake, confection and cookie varieties, a project, which will become operative in the last quarter of this year. In the first stage, we will only target the local and regional markets with this type of products,” says Giurea.