Univer exceeds targets

Baia Mare-based company Univer, a maker of sauces and spices, saw its turnover increase 75% increase in the first quarter of this year to 22.3bn ROL (0.6 million euros). The companya??s first-quarter results have exceeded their target, which initially pointed to 35% growth for the year. a??Our growth was prompted by the expansion of the various types of retail chains – cash & carry, hypermarkets, supermarkets, hard discount stores – which led to distribution growth throughout the country,a?? said Bereczki Tihamer, Univer Product Romaniaa??s commercial manager. Univer is expecting 82bn ROL (2.1 million euros) in turnover this year, up from the less than 70bn ROL (1.7 million euros) at the end of 2004. Univera??s product distribution on the Romanian market began in 1992, initially being run by Beta Lucullus. Univer Product Romania was established in 2000 to handle production and is held by Univer Product RT and Univer Szovekezeti, both of which are based in Hungary. The investment by the Hungarian company in Romania is worth one million euros. The money was allocated to developing the commercial structure of the Romanian company and purchasing manufacturing equipment. ZF