Half of the investment comes from own equity and half from Banca Transilvania loan, according to the company’s representatives.

„As a general rule, when you start an investment, you make a feasibility study, you calculate the indicators, you see which is the necessary budget, but in our case it was different: the market asked it. The demand was higher than the factory’s production capacity and then we decided to make tis expansion. The Agricola group invests around EUR 5 million annually in the expansion of our companies, ” said Gri­gore Horoi, pre­sident of Agricola Bacau.

He added that in this industry it’s essential to increase the volumes to keep up with the costs, taking into account that the profit margin on product unit is small. (Source: business-review.eu)