Avicola Calarasi borrows 5m euros

Avicola Calarasi, one of the leading players on the chicken market, will invest some 5 millions this year to boost production capacities, as well as to modernise existing structures. “The investments we will make this year will help us maintain our turnover, but our profit rate will definitely be affected, says Gheorghe Dume, general manager of Avicola Calarasi. Last year, the company posted a turnover worth some 130 million RON (36 million euros), an almost 40% growth against 2004, mostly due to the increase in the production capacity. According to the official, the investment will be funded through a bank credit to be contracted from the BCR. “The problems caused by the emergence of the bird flu and most of all by the dumping prices operated by importers should not hinder investments. We have to go on,” explains Dume. According to him, the chicken market will become much more stable once the Romanian accession to the European Union becomes a fact, and Romanian companies have to be prepared for this moment. “We will be competing with other companies in the European community, which use modern technology. We will invest primarily to adapt to the European Union demands,” he added. ZF