Albalact invests in packaging equipment

Alba-Iulia-based Albalact, one of the leading players in the dairy industry, will invest 2.6 million euros to lease packaging machinery and equipment, according to a decision made by the company’s shareholders. The shareholders have also decided to extend their line of credit granted by one million euros, in order to continue investing in the company’s second production facility. This year Albalact will double its production capacity following an investment of over 7 million euros in a new plant located close to Alba-Iulia. According to the chairman of Albalact, Raul Ciurtin, the project will be partly self-funded, with the rest of money coming in form of SAPARD funds, bank loans, as well as from a 1.2 million-euro share capital increase.