Boromir, 12m euros in bread factories

The Ramnicu-Valcea-based Boromir Ind group of firms, one of the leading bread manufacturers in the country, will invest 12 million euros in the milling and bakery sector by the end of this year. “We want to strengthen our market share,” stated Dinel Boromiz, one of the shareholders of the group based in Ramnicu-Valcea. Some 6 million euros of Boromir investments are directed to the factories in Sibiu and Deva, and are also meant for the retooling of the Slobozia-based factory, which the company acquired at the beginning of this year for 1.2 million euros. “The plant will start production at the end of this year and will have a capacity of 200 tonnes of wheat a year. The facility in Slobozia will cater to the South-Eastern part of the country,” Boromiz added. According to him, the company saw a 10% growth in the volumes sold in the first six months of this year against the same period of 2005. “We hope to see a higher growth in the second part of the year, especially since we are expecting the market to “clean up”, once the food safety norms required by the European Union come into force,” Boromiz also said.