Masterfoods expects 20m euros

Masterfoods Romania, the local branch of the U.S.-based Mars Incorporated, estimates to log 20 million euros in turnover this year, company officials said. In Romania, Masterfoods sells chocolate bars (Mars, Snickers, Twix, Bounty), pet food (Pedigree, Whiskas, Chappi, Kitekat), rice and sauces (Uncle Ben’s). Except for Chappi and Kitekat, all the other products are made in Romania. Company officials would not disclose the financial results for last year. According to the website of the Ministry of Finances, Masterfoods logged turnover revolving around 750bn ROL (24m euros) in 2002 and net loss worth about 27 billion ROL. ZF