Greek-born Swiss businessman Jean Valvis, who built two powerful
Romanian brands, Dorna and LaDorna Lactate (LaDorna dairy products)
will launch the premium mineral water Aqua Carpatica in September.
The new brand will compete with Dorna, the water that Valvis sold
to Coca-Cola in 2002, on a market put at some 300 million
euros.
The factory he is building near Vatra Dornei in Suceava county is
almost finished and is testing the first products, with about 20
employees working there at the moment. The almost 10 million-euro
project will be the second major greenfield investment in the
mineral water industry started in a time of crisis, after the
Bilbor factory of URBB, the Tuborg brewer.
Even with the decline in consumption, the local entrepreneurs bet
on development of Romanian brands, turning out to be more dynamic
than the multinationals in this industry: Moraru family for
instance, the former owners of Bere Azuga, launched a new brand on
the market, Azuga, in the past year, while the dairy sector
entrepreneurs Horia Bălan and Mihai Petrea bet on reviving the
Cezara and Cheile Cibinului brands after buying them from Heineken.
The local consumption of mineral water, is put at 50-60 litres per
capita, while the Central and Eastern European average is 95
litres.
ZF English
Valvis set to launch competitor for Dorna in September
Greek-born Swiss businessman Jean Valvis, who built two powerful Romanian brands, Dorna and LaDorna Lactate (LaDorna dairy products) will launch the premium mineral water Aqua Carpatica in September. The new brand will compete with Dorna, the water that Valvis sold to Coca-Cola in 2002, on a market put at some 300 million euros.