Pan Group buys fodder plant

The Craiova-based Pan Group, one of the leading players on the bakery market, has revised its investment budget for this year upwards, from 3.5 million euros to 5 million euros, after acquiring a factory that produces fodder. “We acquired a concentrated fodder plant this year, in which we invested 700,000 euros. Currently, we have several investments underway and, depending on their various stages of completion, the company’s total investments are expected to reach 5 million euros,” stated Florin Busuioc, general manager of the company. The remaining funds will be used to complete investments originally started in 2006, when Pan Group made investments worth 4.5 million euros in modernising and retooling production facilities and the store network. Pan Group in Craiova currently holds five bread and pastry factories, two of which are located in Craiova, with the others in Filiasi, Calafat and Segarcea, as well as a 43-store network, with a total retail area of 3,500 square metres.