Pan Group estimates 25m-euro turnover

Craiova-based Pan Group, one of the top ten players in the milling and bakery industry, estimates to reach a turnover of 25 million euros this year, a 10% increase against 2005. The Dolj-based producer, which holds a 70% share in Craiova’s market, witnessed similar financial results in the first half to those in 2005. “The projected growth will show in the second half, given the launch of a new range of products, as well as a reconfiguration of our commercial policy,” stated Florin Busuioc, commercial manager of the company. Pan Group invested 4.5 million euros in modernising and retooling production space. The value of the investments in 2005 amounted to 3 million euros. The company also entered the short pasta segment this year, after completing its investment in a new line of production. The biggest share in company sales is derived from sweet products (jam rolls, cookies, wafers), which generate over 34% of the sales.