Napolact gains 6.9m euros

Cluj-based dairy producer Napolact, owned by the Dutch group, Friesland Foods, last year posted a profit worth 6.9 million euros (25.1 million RON), a 37% increase against the previous year. During the same period, the producer’s turnover stood at 41.2 million euros (149.4 million RON), a 22% increase against 2004. Friesland officials could not be contacted for comment on these results. The Friesland Romania group is the biggest producer on the local diary market, with a consolidated turnover standing at 91 million euros last year, a 25% increase against 2004. The company produces the Milli, Oke, Dots and Completa brands, which are international brands owned by the group. The Romanian branch also owns the Napolact and Napoca brands. According to company representatives, turnover will this year exceed the 100 million-euro mark. Having earmarked over 17 million euros to acquire four dairy plants in Transylvania and Banat, the Dutch group does not intend to further expand through acquisitions, instead it will choose to consolidate the business.