Spices producer Ion Mos: 26m-euro turnover

Ion Mos, a company based in Bucharest, which produces ingredients for the meat industry, estimates a 15-20% turnover increase for this year against 2006, to over 26.1 million euros. According to company information, it ended the first quarter of this year with losses worth 165,000 euros, given that the supplier of spices for cold cut producers reported total losses worth 2.4 million euros last year, as well. “In the first quarter of this year, the company posted a 4.4 million-euro turnover. For 2007, we estimate a turnover increase of 15-20%,” stated Eugenia Caragui, the company’s general manager. Ion Mos ended 2006 with a 21.8 million-euro turnover, up 14.4% against 2005, which was primarily a result of an increase in the production capacity of the plant held in Ilfov county. The producer also holds three warehouses in Ilfov, Alba and Braila county and intends to build a new warehouse this year, in the town of Baia Mare.