“For 2020, we target a 5% increase, on a group level (…) This year, we shall invest nearly EUR17 million in increasing the company’s slaughtering capacity by 70%, a process that will halt the current activity during certain periods”, said Grigore Horoi, head of Agricola.
In 2019, the company’s poultry meat reached a total volume of 48,398 tons, 7% more than a year before, and the turnover reported by Agricola International SA Bacau, the group’s flagship company that comprises poultry production lines and logistics, reached nearly RON501 million, up 8% on the year.
Another firm within the group, Salbac, had a turnover of RON143,142 million in 2019, up 7% compared with 2018, due to a nearly 2% increase in volumes on the coiled-smoked salami category. The increase in value was party backed by changes in the sale structure, and by a gradual increase in prices, following more expensive acquisitions of quality meat, even by 50%.
Europrod SA, the group’s pre-cooked and ready-meal company, reported 9% higher sales, due to 3% higher volumes sold. “We are growing at a healthy pace, which is why we completed an investment of EUR5.5 million in 2019, that doubled the production capacity. Nearly 32% of the ready-meal products go to export”, Horoi also said.
Avicola Lumina Constanta, the group’s egg producer, saw a constant turnover, of RON50.386 million, as the company sold 80 million eggs.