Grama to invest 6m euros in rapeseed crops

The Avrig-based Grama group, which operates in the farming and commodity distribution sectors, will invest 6 million euros in rapeseed crops, an ecological oil factory and livestock raising, using both the company’s own funds and structural funds to finance the project. Agricola, controlled by Grama Trading, owns 3,000 hectares of land in Sibiu county and the management of the company decided to use 1,000 hectares to cultivate rapeseed. The company’s decision comes after the MAN Ferrostaal consortium had announced an approximately 138 million-euro investment in building a bio-diesel plant in Atel, Sibiu county. “Rapeseed is much more profitable than corn or wheat. There are structural funds that back you in this type of investment and, in addition to that, we have an important plant in our county, which is going to need raw material,” says Wilhelm Grama, manager of Grama Trading.