InterAgro turnover up to 560m euros

Companies in the InterAgro group, held by businessman Ioan Niculae, posted 560m euros in turnover last year, up 16% from 2002, when they had reported $470m. However, business remained flat in euros. InterAgro group controls the main stakes in 52 trading companies, among which the most important are two chemical plants – Sofert Bacau and Azochim Savinesti. The group also holds the refinery Astra Ploiesti, Asirom-Asigurarea Romaneasca (the Romanian Insurance Company), Suinprod Zimnicea and Comcereal Teleorman. Chemical fertiliser plant Sofert Bacau reported sales of $38 million last year, up 55% from 2002, when sales had amounted to $21m. ZF