Tohani expects 40% growth

Tohani estimates to see turnover in excess of 5.5 million euros, up approximately 40% on 2004. “The growth forecast has very much to do with the completion of the new winemaking plant in 2004, which allows us to improve our bottling quality and boost the production capacity that has now reached approximately 500,000 bottles/month. Furthermore, last December we began an extensive promotional campaign that is still ongoing,” Dumitru Varga, the company”s financial manager told Ziarul Financiar. He added that about 600,000 euros had been allocated to the promotional campaign. The management of the winemaker added that they would invest another some 600,000 euros in buying farming equipment and expanding the vineyards. “We intend to replant 15 hectares of vine. At the moment, the company operates 1,154 hectares of vine,” the company”s financial manager said. Investments in 2004 were in excess of two million euros and targeted construction of a new winemaking plant. “The investment was co-funded by SAPARD and allows us to rally to the EU standards for our business,” Dumitru Varga stated. ZF