Marex Braila targets 70m-euro turnover

The Marex group in Braila, one of the leading independent producers of pork products and spirits, posted a 160% turnover increase in the first five months of this year against the same time last year, whilst company representatives estimate turnover worth around 70 million euros in 2008. “The rise was prompted by the investments conducted over the last few years and by sales increase both on the meat and on the charcuterie segment. In 2008, we forecast a 40 to 50% rise against last year,” said Marin Moraru, general manager and one of the shareholders of the Marex group. The Marex group posted turnover worth 47.4 million euros last year, up 21.5% against the previous year, and net profit worth 500,000 euros, four times as high as in 2006. Marex will invest over 10 million euros this year, the bulk of which has already been allocated for projects started in 2007. The company completed an ethylic alcohol and bioethanol plant with a capacity of 10 million litres per year, which could be expanded to an annual production capacity of 30 million litres, depending on demand.