Bibco to invest 700,000 euros

Mineral water producer Bibco Biborteni will invest about 700,000 euros next year in storage facilities, distribution and environmental protection equipment, stated Radu Preda, the company’s general manager. “Up until this year we were unable to build up buffer stocks as we had insufficient storage space. We built a 1,000 square metre warehouse this year and intend to build another one at least as big in 2005. We will also invest in distribution through the hotel-restaurant-catering segment, where we are not strong enough, as well as in distribution in Moldova. A third objective would be an investment in a purifying station,” Preda said. Bibco Biborteni is one of the main mineral water and carbonated soft drinks producers in Romania. It employs around 360 people and expects 2004 turnover to reach some 300bn ROL (7.5 million euros), after last year’s figure of 324bn ROL (8.5 million euros). ZF