Cream Line borrows 5.5m euros from Alpha Bank

Cream Line Romania, the producer of Finetti chocolate cream, has increased its loan from Alpha Bank by 2 million euros, and is to take out another loan worth up to 3.5 million euros from the same bank, according to data published by the company in the Official Gazette. The company owned by the Greek group Cream Line has scheduled investments worth some 10 million euros to build a new production facility in Clinceni (close to Bucharest), which could be completed within the next two years. Cream Line posted turnover of almost 12 million euros in 2005 and a gross profit worth 0.8 million euros. The Cream Line group owns 3 factories in Greece, Romania and Bulgaria, and mainly produces chocolate and various chocolate varieties under the Finetti and Da Vinci brands.