Agricola Bacau invests 20m euros

Agricola Bacau Group, the leading poultry producer on the Romanian market, is to allocate 20 million euros to the restructuring of the pork sector over the next two years. “We will invest in the restructuring of the swine farming sector by dropping the 100,000 head farms and moving to farms of up to 10,000 swine to limit health risks and environmental issues in view of EU accession. Romania needs new pork production facilities so as to limit imports,” said Gheorghe Antohi, chairman of Agricola Bacau. The company will invest 4 million euros in a swine slaughterhouse and another 12 million in swine farms. The group concluded last year with a turnover of nearly 75 million euros (3,031bn ROL), 23% higher than in 2003. ZF