Midal invests 5m euros

Midal, one of the leading players on the Romanian market for refrigerators, is planning to invest more than 5 million euros. The investment will mainly be for the production of refrigerated display cases. The group, which is entirely Romanian-owned, has already invested two million euros in constructing its first two production halls for refrigerated display cases, as well as a refrigerating agent bottling station and a warehouse. Thirty percent of the investment was self-sustained, while the rest was paid for using a banking loan. The facility is located in the Catelu area, close to Bucharest, where the group bought a 15,000 square metre plot of land. Manufacturing at the new facility is scheduled to start in October at the latest, says Ion Maracine, the chairman of Midal Group. ZF