Pan Group posts 10m-euro turnover after five months

Pan Group Craiova, one of the leading players in the milling and bakery industry, posted an over 10 million-euro turnover in the first five months of the year, 25% more than the same time last year. “This increase has to do with our marketing and sales activities, as well as with commercial policies directed towards gaining and preserving market share,” says Florin Busuioc, the company’s general manager. Pan Group has conducted investments worth over 2 million euros in production technology since the beginning of the year. “Our partnership with Kraft Foods, one of the largest players worldwide on the food and beverage market has resulted in a joint investment of over 1.35 million euros in modern technology for producing packaged cakes,” said Busuioc. Pan Group ended 2007 with turnover worth over 23 million euros.