Ave Impex invests 6m euros in plant to manufacture ready meals

Ave Impex, based in Satu Mare, one of the main local poultry producers, intends to invest 6 million euros over the next two years in building a factory to produce ready meals. “We already have a 700 square-metre facility where we produce ready meals, but we also want a proper plant. We have acquired a 30,000 square-metre plot in Petea, close to the city of Satu Mare,” said Gheorghe Bodea, general manager and shareholder of Ave Impex. The company ended last year with 19.1 million-euro turnover and 700,000 euros in net profit, with Ave Impex representatives estimating a 25% turnover increase for this year, to 24 million euros, and a 10-15% profit increase, to around 800,000 euros. In 2007, Ave Impex held a 4.51% market share, and expects to secure 6% of the local poultry market this year. Ave Impex, which specialises in poultry production, is a part of the Ave group in Satu Mare, alongside Ave Golden (production of ready meals), Ave Transport (distribution), and Ave Construct (industrial buildings and 11 facilities for rearing chickens) The group also owns a 10-store network in Satu Mare and Baia Mare, as well as four storage facilities in Satu Mare, Timisoara, Baia Mare and Bucharest, but plans to open another one in Targu-Mures by the end of the year.