„The 33% increase in the distribution of inputs on a market facing numerous challenges proves the company remains a secure and reliable partner for its clients,” said Stefan Bucataru, general manager of the group’s agribusiness division.
Agricover’s agribusiness division brings together all operational activities related to the distribution of agricultural solutions for vegetable and animal husbandry farms and the capitalization of their production – grain, milk, pigs, vegetable and fruit. In 2015, Agricover reported a turnover of nearly RON1.3 billion (some EUR290 million), up 18% on the year.
Agricover sold 8,200 tons of Romanian vegetable and fruit last year. Sales of grain and oil plants saw a 23% year-on-year decline, in terms of both average price and traded volumes, with some 700,000 tons being acquired and capitalized in 2015.
The company has 726 employees, compared with 542 employees in 2014, and the increase was mostly due to developing its slaughterhouse. Agricover group currently has more than 850 employees.
For 2016, the agribusiness division will focus on consolidating its foothold, stabilizing its new business lines and keep boosting its organizational efficiency.
Agricover group, controlled by businessman Jabar Kanani and one of the largest players on the Romanian agricultural market, had a turnover of EUR295 million in 2014, up 17.5% on the year, on the backdrop of diversifying the operations on other market segments.