Agricola Bacau invests 12m euros to upgrade production facilities

The Agricola Bacau group of firms, one of the biggest local poultry producers, will invest 12 million euros in modernising production facilities this year. “Out of the total value of investments, some 5.5 million euros will be allocated for modernising the poultry slaughter house. This investment, cofunded through Sapard funding, will generate a rise in the production capacity from the current 30,000 tonnes, to 35,000 tonnes of poultry,” stated Gheorghe Antochi, chairman of Agricola Bacau. Another part of the 2 million-euro investment will go into modernising the technological manufacturing line of dry cured salamis, with the rest of the investment going in production capacities. “The investments made so far by Agricola Bacau total 50 million euros, funded both from reinvesting the entire profit, and borrowed money,” said the president of Agricola Bacau. In 2006, Agricola Bacau invested 2.5 million euros to modernise livestock farming and to renew the vehicle fleet.