Copos borrows 5m euros from ING

Ana Pan, the network of confectioneries owned by businessman George Copos, contracted a loan worth 17.5 million RON (some 5 million euros) from ING Bank, according to data published by the company in the Official Gazette. The money was used to invest in an Ana Pan production centre, which was inaugurated at the beginning of this year. “The centre is already operational. This is where the company labs, which had been scattered about in different locations are now located,” specified Carmen Friptu, commercial and marketing manager of Ana Pan. The production facility has a daily output of 4,800 kilos of bread, 1,700 pastry products, 2,000 kilos of confections, with organic products accounting for 2%. This year, the company set out to post sales worth 10 million euros, after they had reached 6.5 million euros last year. The number of Ana Pan confectioneries, say company representatives, will reach 30 in 2010, i.e. three times more than at the beginning of this year.