La Festa expects 40% growth

La Festa Romania, producer of the Tedi and Duo Fruo natural juices saw turnover go up 26% in euros in the first half of the year as compared to the corresponding period of last year. The company expects 40% growth for 2004, generated by exports and by a broader range of products on the local market. La Festa is launching the Tymbark natural juices this week, with more products to be introduced towards the end of the year. La Festa is the local subsidiary of Polish foods producer Maspex and is one of the few Polish investors in Romania. The company owns a juice plant in Valenii de Munte, Prahova County, where it has invested some 25 million euros. ZF