Banvit starts building Urziceni facility

The leading Turkish producer of chicken has started construction works on its production facility in Romania, which is located near Urziceni. “We began with the incubator,” says Ismet Akkoseoglu, Banvit Romania administrator. The total investment in Urziceni amounts to $40 million (30 million euros), $15 million of which account for a loan granted by the International Finance Corporation (IFC), the World Bank’s investment arm. The investment in Urziceni will include poultry farms with their associated poultry feeding lines and a processing facility whose annual capacity will reach 40,000 tonnes of chicken, turning the Turkish producer into Romania’s sector leader. Agricola International and Tec Miaco, the top two Romanian producers last year saw their output stand at about 40,000 tonnes. ZF