Agricover posted a turnover of RON970 million in 2012
“Agricover’s healthy growth in 2013 stemmed from a continuous consolidation of partnerships with farmers and processors. The results reflect the performance of our integrated business model (…) We invested EUR1.8 million in 2013 in computerization and upgrades to cereal storage capacities,” said Agricover general manager Robert Arsene.
Agricover group, owned by businessman Jabbar Kanani, has over 600 employees and consists of Agricover Distributie, Agricover Cereale, Agricover Silozuri, Agricover Logistica, Agricover Credit, Agricover Livestock, Agricover Bulgaria, and Covera.ro.
Agricover Cereale traded more than 700,000 tons of cereal and oleaginous plants last year.
Agricover IFN, the group’s lending arm, granted loans of RON642 million to 1,300 farmers and the Agricover Livestock division sold the output of 90 pig farms of the 135 independent farms in Romania, totaling 160,000 animals. In April 2013, Agricover started buying milk from farmers and selling it to large processors, reaching 100,000 liters of milk a day.