Cris-Tim to invest in production and packaging

Cold cuts producer Cris-Tim is planning to invest 20 million euros in increasing its production capacity and developing its packaging lines next year, said the company’s chairman, Radu Timis. The company intends to expand the production capacity of the plant in Filipestii de Padure. Furthermore, the company will also earmark one million euros to modernise the 12-supermarket network it owns. Investments will be sustained through bank loans and by reinvesting company profit. According to company data, the firm currently holds an 18-20% market share, but hopes to see it go up to 22-24% next year.